Which of the Following Is True of Benchmarking

question 8

Multiple Choice

Which of the following is true of benchmarking?

• A) It is an analysis in which a firm's ratio values are analyzed to project the fundamental values of the assets for upcoming years or business cycle.
• B) It is an analysis in which a firm's ratio values are compared with those of a key competitor or with a group of competitors that it wishes to emulate.
• C) It is an analysis in which a firm's financial performance over time is evaluated using financial ratio analysis.
• D) It is a financial statement analysis technique which combines cross-sectional and time-series analyses.

---

Definitions:

Explicit Memory

Explicit memory is a type of long-term memory that involves conscious recollection of specific facts and events that can be verbally stated, such as remembering the name of a place or what happened at a particular event.

Experienced

Having knowledge or skill in a particular field or activity as a result of participation or exposure.

Explicit Memory

The conscious, intentional recollection of factual information, previous experiences, and concepts.

Intentional Recollection

The deliberate effort to retrieve information from memory, often associated with conscious awareness.