Which of the Following Are Properties of Internal Benchmarks That

question 8

Multiple Choice

Which of the following are properties of internal benchmarks that businesses use to gauge their productivity and health?
I.They do not provide learning opportunities.
II.The data are likely to be more readily available.
III.They are more challenging because of their specificity.
IV.Unearthing the causes of differences in performance is much easier.

• A)I,II,and III only.
• B)II and IV only.
• C)III and IV only.
• D)I,II,III,and IV.

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Definitions:

John Maynard Keynes

A British economist whose theories on the causes of prolonged unemployment and recommendations for government intervention in economies to stimulate demand and growth form the basis of Keynesian economics.

Adam Smith

An 18th-century Scottish economist and philosopher, best known for his works "The Wealth of Nations," which lays the foundations of classical economics.

Karl Marx

A 19th-century philosopher, economist, and political theorist known for his critical theories about capitalism and his influence on the development of socialist economic and political theory.

Classical Economists

Early economic theorists, primarily in the 18th and 19th centuries, who focused on the role of free markets in promoting economic growth and believed in minimal government intervention.