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:

Anxiously

Feeling or showing worry, nervousness, or unease about something with an uncertain outcome.

Merging

The process of combining two or more entities into one, often used in the context of companies, data, or systems.

Neologisms

The creation of new words or expressions, often used in the context of linguistic creativity or in certain psychiatric conditions.

Paranoia

A mental condition characterized by delusions of persecution, unwarranted jealousy, or exaggerated self-importance, typically elaborated into an organized system.