An IT Company Uses Industry Average as a Standard for Measuring

question 22

Multiple Choice

An IT company uses industry average as a standard for measuring its financial performance. Here, the industry standard is used as a(n) ________.

• A)scheme
• B)outline
• C)benchmark
• D)objective

---

Definitions:

Titian

A leading figure of the Italian Renaissance, Titian was renowned for his masterful use of color and innovative compositions in portraits and religious works.

Rummage Sale

A sale event, often organized by a community or organization, where used goods are sold, typically to raise funds.

Current GDP

The market value of all final goods and services produced within a country in a given period, measured without adjusting for inflation.

Inventory

The sum of all goods and materials held by a company in stock, including raw materials, work-in-progress, and finished goods.