For performance reports to be most effective for management by exception, they should:
A) be issued at the same time for all responsibility centers.
B) be held until the financial statements for the month have been issued.
C) be issued as soon after the activity or period covered as possible.
D) show all of the costs associated with the responsibility center being reported about.

Question

Quizplus · Accepted Answer

Performance reports should be issued promptly after the activity or period covered to allow management to quickly identify and address any exceptions or variances from expected performance.

For Performance Reports to Be Most Effective for Management by Exception