Performance Reports The Performance Reports Generated by a Responsibility Accounting System Form

question 23

Essay

Performance reports
The performance reports generated by a responsibility accounting system form a hierarchy of 'performance reports'. Explain what is meant by this term.

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Definitions:

Standard Normal Curve

The graphical representation of a normal distribution that has a mean of zero and a standard deviation of one, used in probability theory and statistics.

Z-score

A statistical measure representing the number of standard deviations a data point is from the mean.

Percentile

An indicator showing the value beneath which a certain percentage of data points in a collection of data lies.

Continuous Random Variables

Variables that can take on any value within a continuous range of values.