In Utilizing a Relative Approach to Compare Desired and Actual

question 77

Multiple Choice

In utilizing a relative approach to compare desired and actual performance,a manager will __________.

• A)Use past performance as a benchmark.
• B)Use present performance to set the standard.
• C)Use standards set scientifically through such methods as time and motion studies.
• D)Use performance achievements of other people,work units,or organizations to set the standard.
• E)Use the organization's objectives to set the standard.

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Definitions:

NCI

An alternative term for non-controlling interest, highlighting the equity in a subsidiary not held by the parent company.

Parent Interest

Refers to the share of equity interest held by the parent company in a subsidiary, reflecting ownership and control.

Non-controlling Interest

A share in the equity and earnings of a subsidiary that are not owned by the parent company, also known as minority interest.

Consolidated Financial Report

A comprehensive financial statement that combines the financial information of a parent company with that of its subsidiaries, presenting it as a single economic entity.