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 are true: Performance reports provide feedback and control (I), often include budget, actual, and variance data (II), and are structured around organizational hierarchy (III).

Consider the Following Statements About Performance Reports: I