The Similarity Between Benchmarking and Scanning Is That Both Focus

question 57

Multiple Choice

The similarity between benchmarking and scanning is that both focus on:

• A) what is being done currently.
• B) what can be done and is being developed.
• C) key technologies.
• D) pacing technologies.
• E) obtaining competitor's secrets.

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Definitions:

Trial Balance

A bookkeeping worksheet in which the balances of all ledgers are compiled into debit and credit account column totals that are equal.

Adjusting Entries

Journal entries made at the end of an accounting period to allocate income and expenditure to the appropriate years.

Permanent Accounts

Accounts that carry their balances over into the next accounting period, including assets, liabilities, and equity accounts.

Trial Balance

A financial worksheet that consolidates all ledger balances into equal debit and credit column totals.