A person who fails to meet output standards could still have an efficiency measurement of more than 100%

A company should not change the inventory costing method each period in order to maximize net income. This is an example of the disclosure principle

Indicate whether the statement is true or false

________ generally reflect(s) the anticipated financial impact of planned long-term actions

A) A cash budget B) Strategic financial plans C) Operating financial plans D) A pro forma income statement