Leading indicators provide managers with the information they need to
A)prepare direct material and direct labor variances.
B)take timely,corrective action.
C)prepare GAAP- based financial statements.
D)All of these answer choices are correct.

Question

Quizplus · Accepted Answer

Leading indicators provide managers with information regarding the current and future state of the business. This allows managers to take timely, corrective action to address any issues and ensure the organization is on track to meet its goals. They do not have a direct impact on preparing direct material and direct labor variances nor do they have a direct effect on preparing GAAP-based financial statements.

Leading Indicators Provide Managers with the Information They Need to