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

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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.
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern