Which of the following is true of performance evaluation reports?
A)Performance evaluation reports help service organizations determine inventory balances.
B)Both external and internal users use performance evaluation reports.
C)They are prepared before establishing the selling price of a product.
D)Their modification will increase product sales.

Question

Quizplus · Accepted Answer

Performance evaluation reports can be used by both external users (such as investors and creditors) and internal users (such as managers) to assess the financial performance of an organization. Options A, C, and D are incorrect because performance evaluation reports do not have a direct impact on inventory balances, selling price, or product sales.

Which of the Following Is True of Performance Evaluation Reports