Benchmarking Is the Process of Comparing the Organization's Use of Technology

question 38

True/False

Benchmarking is the process of comparing the organization's use of technology over time.

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Definitions:

Bank Reconciliation

The method of aligning the amounts in a company's bookkeeping records for a cash account with the matching data on a bank statement.

Deposit Made

A payment made in advance for goods or services that are to be received in the future, often recorded as an asset on the balance sheet.

Postdated Cheques

Cheques written with a future date and not valid until that date, often used to manage cash flows.