Which of the Following Statements About Benchmarks Is TRUE

question 186

Multiple Choice

Which of the following statements about benchmarks is TRUE?

• A)They may be financial or nonfinancial.
• B)They are used to compute variances.
• C)Broad benchmarks have more relevance.
• D)Obtaining benchmarks has no legal or ethical issues.
• E)Benchmarks are the main driver of strategic planning.

---

Definitions:

Deficit Needs

A concept in Maslow's hierarchy of needs that refers to the basic requirements for physical and psychological well-being, such as food, safety, and belonging.

Declining Percentage

A decrease in the proportion or ratio of a quantity relative to a whole or to other relevant quantities over a specified period.

Self-Actualization Theory

A concept in humanistic psychology that represents the realization of a person's potential, self-fulfillment, seeking personal growth and peak experiences.

Rigorous

Marked by a high level of strictness or severity, often in the context of academic standards, research methodology, or physical training.