Marco Wants to Get an a on His Exam

question 117

Multiple Choice

Marco wants to get an A on his exam.To do this,he divides up the material into small sections and focuses on learning a different section every day until he knows all of the material for the exam.Marco is ________ to achieve his goal of getting an A on his exam.

• A) using subgoals
• B) working backward
• C) creating an analogy
• D) using insight

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Definitions:

Flexible Budget Performance Report

A report comparing actual costs and revenues with budgeted figures adjusted for actual levels of activity, to evaluate performance.

Budgeted Performance

Anticipated financial and operational results over a specific period, based on budgets, used as a benchmark for comparison with the actual performance.

Variable Costs

Costs that vary directly with the level of production or sales volume, such as raw materials and direct labor costs.

Units of Production

A method of depreciation that calculates the expense based on the actual usage or production levels of an asset, rather than time.