In Regards to Benchmarking,which of the Following Statements Is Incorrect

question 96

Multiple Choice

In regards to benchmarking,which of the following statements is incorrect?

• A) Benchmarking is the practice of comparing a company with other leading companies.
• B) The industry average is not a useful benchmark for evaluating a company.
• C) Providing common-size percentages in a graphical manner highlights differences.
• D) The two main types of benchmarks in financial statement analysis include benchmarking against the industry average and benchmarking against a key competitor.

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Definitions:

Autonomic Nervous System

The part of the nervous system that controls involuntary bodily functions, including heartbeat, digestion, and breathing.

Endocrine System

A collection of glands that secrete hormones into the bloodstream, regulating processes such as growth, metabolism, and mood.

Cerebrum

The largest part of the brain, responsible for voluntary actions, speech, senses, thought, and memory.

Limbic System

A complex system of nerves and networks in the brain, involved with instinct and mood, controlling basic emotions, and drives.