When Using Industry Norms as a Standard of Comparison, Managers

question 29

True/False

When using industry norms as a standard of comparison, managers must be sure that the firms used in the comparisons are representative of all sizes and strategies within the industry.

---

Definitions:

Temporary Storage

A form of data storage used for holding information temporarily during the execution of programs, such as RAM (Random Access Memory).

RAM

Random Access Memory is a type of computer memory that can be accessed randomly to store data temporarily for quick access by a computer's processor.