All of the Following Are Appropriate Benchmarks for a State

question 48

Multiple Choice

All of the following are appropriate benchmarks for a state or local government to use as a basis for comparing performance except:

• A) A government's own operating results and financial position from prior years.
• B) International City/County Management Association's Financial Trend Monitoring System results for governments of similar types and size.
• C) Federal agencies' financial information for a comparable time period.
• D) Socioeconomic and demographic trends of governments of similar types and size available from U.S. Census Bureau.

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Definitions:

Information Value

The worth or utility derived from data that can inform decision-making or provide insights, often related to its relevance and accuracy.

Marginal Cost

The increase or decrease in the total cost of a production run for making one additional unit of an item.

Marginal Benefit

The additional satisfaction or utility gained by consuming an extra unit of a good or service.

Diamond

A naturally occurring gemstone composed of carbon, known for its hardness and brilliance, often used in jewelry.