Which of the Following Is Not One of the Benefits

question 45

Multiple Choice

Which of the following is not one of the benefits of benchmarking?

• A)Helps identify the best business or functional practices to include in a firm's business plans.
• B)Determines internal customer needs and wants.
• C)Breaks down a reluctance to change.
• D)Serves as a source of market intelligence.
• E)Uncovers a previously unrecognized technological breakthrough.

---

Definitions:

Accounting Equation

The fundamental principle of double-entry bookkeeping: Assets = Liabilities + Equity, depicting the relationship between a company's resources and claims on those resources.

Historical Cost Principle

An accounting principle that states assets should be recorded and reported at their original purchase cost.

Cash-Equivalent Value

The value of an asset that is easily convertible into a known amount of cash with minimal risk of change in value.

Business Activities

Operations, actions, and tasks that a company engages in as part of its economic operations, including production, sales, marketing, and finance.