Which of the Following Statements About Benchmarks Is True

question 135

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.

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Definitions:

Legal Actions

Formal steps taken in a court of law to enforce a right, seek a remedy, or resolve a dispute.

Obligations of the Debtor

Refers to the responsibilities and duties that a debtor must fulfill towards creditors, including repayment of debt.

Renewed

Made new or refreshed again.

Discharged Debt

A debt that has been deemed paid or settled, releasing the debtor from further obligations.