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

question 197

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 these choices.

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Definitions:

Trade-Offs

Decisions made that involve a sacrifice of one thing to obtain another, often used in discussions of economic and personal choices.

Opportunity Cost

This represents the value of the best alternative foregone when a decision to pursue a certain action is made.

Given Budget

A specified sum of money allocated for a particular purpose, often within a fixed time period.

Price

The amount of money or its equivalent paid or charged for a product or service, or the sum of values that consumers exchange for the benefits of having or using the product or service.