Which of the Following Statements Is Correct Regarding Benchmarking

question 79

Multiple Choice

Which of the following statements is correct regarding benchmarking?

• A)Benchmarking is the practice of using a company's own data to identify the processes and practices in which it outperforms its competitors.
• B)Benchmarking involves selecting measures, setting targets for measures and adjusting the benchmark as strategies change.
• C)Benchmarking participants should adhere to the Benchmarking Code of Conduct which provides general principles to follow during the benchmarking process.
• D)Benchmarking is the development of a hypothetical scorecard.

---

Definitions:

Endowments

Funds or property donated as a source of income, where the principal is typically kept intact in perpetuity or for a defined time period.

Investment Income

Refers to the money earned from various investments, including dividends, interest, or capital gains from securities, real estate, and other assets.

Not-for-profit Organization

An entity that operates for purposes other than generating profit, focusing on social, educational, charitable, or other activities.

Contribution Receivable

An amount pledged to be paid to a company or organization as a donation or investment, but which has not yet been received.