Which of the Following Statements Is Not True

question 2

Multiple Choice

Which of the following statements is not true?

• A) Performance reports normally report standard costs and variances.
• B) Performance reports should contain space for explanations of variances.
• C) Performance reports should be tailored to the responsibilities of the manager or department for which they are prepared.
• D) Performance reports do not present the causes of variances.

---

Definitions:

Purchasing Policies

Guidelines and procedures set by a company or organization governing how goods and services are acquired.

SMART

A technique to set the sales call objectives by making sure the objectives are specific, measurable, achievable, realistic, and timed.

Sales Call Objective

The specific goal or desired outcome of a sales call, such as making a sale, scheduling a meeting, or gathering information.

Predetermined Goals

Objectives or outcomes that have been specifically defined and planned in advance.