__________ Is a Technique That Makes Use of External Comparisons

question 30

Multiple Choice

__________ is a technique that makes use of external comparisons to better evaluate one's current performance and identify possible actions for the future.

• A) Benchmarking
• B) Scenario planning
• C) Forecasting
• D) Contingency planning
• E) Management by objectives

---

Definitions:

Economic Conditions

The state of the economy at a given time, including factors like inflation, unemployment rates, and economic growth.

Return On Total Assets

A financial metric that measures the profitability of a company relative to its total assets, indicating how efficiently a company uses its assets to generate profit.

Net Income

The amount of money that remains after all operating expenses, taxes, and costs have been subtracted from total revenues.

Net Sales

Revenue from sales reduced by customer discounts, returns, and allowances.