Continual Process of Measuring a Company's Own Products,services or Activities

question 27

Multiple Choice

Continual process of measuring a company's own products,services or activities against competitors' performance is

• A)performance measure
• B)benchmarking
• C)budgeting
• D)responsibility center
• E)lean accounting

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Definitions:

Paid-in Capital

Funds raised by a company through the issuance of shares to investors, exceeding the par value of the shares.

Par Value

The nominal or face value of a bond, stock, or coupon as indicated on a certificate or bond itself, often used as a legal capital measurement.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends.

Cumulative Preferred Stock

Stock that entitles its holders to any undeclared dividends that have accumulated before common stockholders receive their dividends.