Consider the following statements about performance reports:
I. Performance reports provide feedback to managers and allow them to better control operations.
II. Many performance reports have budget, actual, and variance data.
III. Performance reports are often structured around a firm's organizational hierarchy-that is, data relating to lower-level units (e.g., departments) are combined and flow into higher-level units (e.g., stores).
Which of the above statements is (are) true?
A) I only.
B) I and II.
C) I and III.
D) II and III.
E) I, II, and III.

Question

Quizplus · Accepted Answer

All three statements about performance reports are true. Performance reports do provide feedback to managers for better operational control (I), often include budget, actual, and variance data (II), and are structured around a firm's organizational hierarchy, with data flowing from lower to higher levels (III).

Consider the Following Statements About Performance Reports