Which of the Following Is NOT a Benefit of Benchmarking

question 176

Multiple Choice

Which of the following is NOT a benefit of benchmarking?

• A) It helps companies determine where they can improve.
• B) It does not help management highlight company problems.
• C) It can be used to compare a company's budgets to other leading companies through the use of industry averages.
• D) It helps companies develop budgets to assist in meeting performance goals.

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Definitions:

Agency Coupled

A relationship where an agent is given an interest in the property of the principal, making the agency irrevocable for a specified period.

Principal's Benefit

The advantages or profits derived by an individual who has authorized another (an agent) to act on their behalf.

Disclosed

Revealed or made known, often referring to information that was previously private or confidential.

Implied Warranty

A legal guarantee that a product will meet a minimum set of standards of quality and functionality without being explicitly stated.