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Describe How Benchmarking and Best Practices Are Used and Where

question 27

Essay

Describe how benchmarking and best practices are used and where more information on best practices may be found.


Definitions:

Par Value

The face value of a bond or stock as stated by the issuing company, which does not necessarily reflect its market value.

Earnings Distributed

Refers to the portion of a company's net income that is paid out to shareholders as dividends.

Accumulated Earnings

The total net income retained in a company for growth, expansion, and/ or reserve purposes, not distributed as dividends.

Financial Statements

Financial statements are formal records of the financial activities and position of a business, person, or other entity, presented in a structured manner.

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