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

question 32

Multiple Choice

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

• A)The two main types of benchmarks in financial statement analysis include benchmarking against prior year of the same company and benchmarking against a key competitor.
• B)Benchmarking is the practice of comparing a company with information provided by the Financial Standards Accounting Board.
• C)Risk Management Association provides common-size statements for most industries.
• D)It is not helpful to provide common-size percentages in a graphical manner.

---

Definitions:

Canada's Anti-Spam Legislation

Federal laws in Canada designed to protect Canadians while ensuring that businesses can continue to compete in the global marketplace by regulating the sending of commercial electronic messages.

Infraction

A minor violation of a rule or law, often punishable by a fine rather than imprisonment.

Common Law

The law as found in the recorded judgments of the courts.