Which of the Following Statements About Benchmarks Is True

question 49

Multiple Choice

Which of the following statements about Benchmarks is true?

• A) While managers enjoy completing the instrument and find the results interesting, research is inconclusive regarding the skills measured and their relationship to on-the-job performance.
• B) The items measured by Benchmarks are based on research into the lessons that executives learn in critical events of their careers.
• C) The instrument measures 24 skills and perspectives including how well managers accomplish tasks by completing the tasks themselves.
• D) To provide a complete picture of managers' skills, only the managers' supervisors and peers should complete the instrument.
• E) Research suggests that Benchmarks are valid for predicting performance, salary level, and career advancement.

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Definitions:

Disposable Income

Income that remains for saving or spending after direct taxes (such as income tax) have been deducted from an individual's earnings.

Saving

The process of setting aside a part of current earnings for future use.

Interest Rate

Interest Rate is the cost of borrowing money, typically expressed as a percentage of the amount borrowed, affecting savings, investment, and consumer spending.

Consumption Spending

The total amount of money spent by households and individuals on goods and services for personal use.