Ch 13 4e - Chapter 13 Multiple Choice Quiz 1 of 2

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Chapter 13 Multiple Choice Quiz (See related pages) 1 _______________ refers to the set of procedures, tools, and systems organizations use to reach their goals. A) Variances B) An effective operation C) An efficient operation D) Control 2 One important effectiveness goal for a firm is to earn the projected operating income for the period. Attainment of this goal is measured by comparing the actual amount of operating income to the: A) past five years average operating income. B) prior periods operating income. C) operations budget amount. D) master budget amount. E) industry coverage. 3 The source of standards that uses the best performance measures anywhere is: A) activity analyses. B) historical data. C) benchmarking. D) market expectations. E) strategic decisions. 4 A flexible budget variance is: A) the difference between the operating results and the flexible budget at the input level of the period. B) the difference between the flexible budget at the output level of the period and the flexible budget at the input level of the period. C) the difference between the flexible budget at the input level of the period and the flexible budget at the output level of the period. D) the difference between the operating results and the flexible budget at the output level of the period. 5 Standards should be designed to generate variances: A) coincidental with regular reporting intervals.
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This note was uploaded on 02/28/2012 for the course ACC 9000 taught by Professor Seyam during the Fall '11 term at CUNY Queens.

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Ch 13 4e - Chapter 13 Multiple Choice Quiz 1 of 2

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