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:

FedEx

An American multinational delivery services company known for its overnight shipping service and pioneering a system that could track packages and provide real-time updates on package location.

Intrinsic Value

The actual, inherent value of a financial asset, detached from its current market price.

Strike Price

The set price at which an options contract can be bought (call) or sold (put) when it is exercised.

Call Option

A financial contract giving the buyer the right, but not the obligation, to buy an asset or financial instrument at a specified price within a specific time period.