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:

Studying

The act of devoting time and attention to acquiring knowledge on an academic subject, especially through books.

Time Management

The process of organizing and planning how to divide one's time between specific activities to enhance efficiency and productivity.

Principles

Fundamental beliefs or philosophies that serve as guiding rules for behavior or action.

Daily Planner

A book or electronic application designed for organizing daily tasks, appointments, and objectives.