A report showing the actual financial results for a period compared to the budgeted financial results for that same period would most likely be called a ________.
A) strategic plan
B) management forecast
C) performance report
D) revised plan

Question

Quizplus · Accepted Answer

A performance report is specifically designed to compare actual financial results to the budgeted financial results for a given period. It is a tool for evaluating the company's performance and identifying areas where there may be discrepancies between the budgeted amount and the actual amount. It is not a strategic plan, management forecast, or revised plan.

A Report Showing the Actual Financial Results for a Period