Which of the Following Is an Example of the Benchmarking

question 104

Multiple Choice

Which of the following is an example of the benchmarking function of a budget?

• A)Budgeting requires close cooperation between accountants and operational personnel.
• B)The budget outlines a specific course of action for the coming period.
• C)Budgeted amounts are compared to actual results.
• D)A budget demands integrated input from different business units and functions.

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Definitions:

Equilibrium

The condition under which the intrinsic value of a security is equal to its price; also, its expected return is equal to its required return.

Yield Curve

The curve that results when the yield to maturity is plotted on the y-axis with term to maturity on the x-axis.

Junk Bonds

High-risk, high-yield bonds issued to finance leveraged buyouts, mergers, or troubled companies.

High-Risk

Describes an investment or venture that carries a high level of uncertainty and the potential for significant loss.