Which of the Below Is Not Included as Part of a Benchmark

question 19

Multiple Choice

Which of the below is not included as part of a benchmark?

• A)Benchmarks help assess how an MIS project performs over time
• B)When measured against MIS projects, benchmarks can provide feedback so managers can control the system
• C)Benchmarks help to establish baseline values the system seeks to attain
• D)Benchmarks perform all of the above

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Definitions:

Salaries And Wages Expense

The total amount spent by a business on employee compensation.

Accounting Equation

The accounting equation is a fundamental principle of financial accounting that states that assets equal liabilities plus equity, providing the foundation for double-entry bookkeeping.

Transaction Explanation

A description or rationale provided for each transaction within an accounting system, aiding in understanding and verifying the nature of the transaction.

Income Statement

Also known as profit and loss statement, it details a company’s financial performance, including sales, expenses, and profits over a period.