Which Control Technique Provides an Information Framework for Historical Comparisons

question 87

Multiple Choice

Which control technique provides an information framework for historical comparisons within the firm and for external benchmarking relative to industry performance?

• A) Balanced scorecard
• B) Financial ratios
• C) Capital budgeting
• D) MBWA
• E) Economic design

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Definitions:

Spacing Effect

The phenomenon where learning is more effective when study sessions are spaced out over time rather than crammed in a short period.

Rehearsal

A cognitive process in which information is repeated mentally or out loud to maintain it in short-term memory or to encode it for long-term memory.

Encoding

The method of transforming data into a format that enables its storage in our memory.

Retrieval

The act of retrieving and making conscious information that is kept in memory.