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

question 32

Multiple Choice

Which of the following 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 these.

Calculate production needs based on sales projections and inventory policies.

Identify the components of a master budget and their interrelationships.

Analyze the impact of inventory policies on budgeting (both finished goods and raw materials).

Compute budgeted financial outcomes, such as cost of goods sold, direct labor costs, and purchase needs.

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Definitions:

Dividends Paid

The portion of a company's earnings that is distributed to its shareholders as a return on their investment.

Investment Account

An account held at a financial institution which allows an individual to deposit funds and make investments in securities and other assets.

Debit/Credit

Fundamental aspects of all accounting transactions, where debits are entries on the left side, and credits are entries on the right side, used to record business transactions in the ledger.

Dividend

Money dispensed by a corporation to its owners/shareholders, generally from the company's earnings.