Which of the Following Is an Example of the Benchmarking

question 101

Multiple Choice

Which of the following is an example of the benchmarking function of a budget?

• A)A budget demands integrated input from different business units and functions.
• B)Budgeting requires close cooperation between accountants and operational personnel.
• C)Budget figures are used to evaluate the performance of managers.
• D)The budget outlines a specific course of action for the coming period.

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Definitions:

360-Degree Performance Review

Employee performance review that gathers feedback from co-workers, supervisors, managers, and sometimes customers.

Coworkers

Colleagues or people who work together, typically within the same organization, team, or project.

Subordinates

Employees or team members who are lower in rank or position and typically report to a supervisor or manager in an organizational hierarchy.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, often influencing productivity and job satisfaction.