Which of the following statements is true of performance reports?
A) The performance report shows actual performance as compared to the budget.
B) The performance report depicts the performance of a firm's competitors.
C) The performance report compares only the budgeted performance over the years.
D) The performance report contains no actual results due to confidentiality.

Question

Quizplus · Accepted Answer

Performance reports show the actual performance of the company and compare it to the budgeted performance. They do not typically compare a firm's performance to its competitors, and confidentiality concerns would not prevent the inclusion of actual results.

Which of the Following Statements Is True of Performance Reports