One important short-term financial goal for a company is to earn the projected operating income for the period. The overall extent to which this goal was achieved is measured by comparing the actual operating income for the period to the:
A) Flexible-budget operating income for the period.
B) Prior period's operating income.
C) Income reflected in the company's balanced scorecard.
D) Master budget operating income.
E) Industry average operating income.

Question

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The Answer of One important short-term financial goal for a company is to earn the projected operating income for the period. The overall extent to which this goal was achieved is measured by comparing the actual operating income for the period to the:
A) Flexible-budget operating income for the period.
B) Prior period's operating income.
C) Income reflected in the company's balanced scorecard.
D) Master budget operating income.
E) Industry average operating income.

One Important Short-Term Financial Goal for a Company Is to Earn