The principal objective of a performance report is to: Multiple Choice o highlight activities that need management attention o direct blame to those managers who did not meet goals. o provide a basis for rewarding effective managers. o highlight budgets that have been incorrectly established A budget adjusted to reflect a budget allowance based on actual activity achieved rather than the planned level of activity in the original budget is a Multiple Choice O static budget 0 rolling budget 0 controllable budget 0 flexible budget