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FINAL EXAM ACC 561 Final Exam (1st Set) 54
ACC 561 Final Exam
1) Performance reports _____.
A. ignore areas that are presumed to be running smoothly
B. provide feedback by comparing results with plans and by highlighting deviations from plans C. are deviations from a plan
D. are quantitative expressions of action plans
2) Budgets _____.
B. are deviations from a plan
C. are quantitative expressions of action plans
D. provide feedback by comparing results with plans and by highlighting deviations from plans
3) According to the Financial Executives Institute, one function of the treasurer is _____.
A. government reporting
B. reporting and interpreting financial information
C. Short term financing
D. tax administration
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