Which of the Following Is an Example of the Benchmarking

question 38

Multiple Choice

Which of the following is an example of the benchmarking function of the budgeting process?

• A) A budget demands integrated input from different business units and functions.
• B) Budgeting requires close cooperation between accountants and operational personnel.
• C) Budget numbers 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:

Iconic Memory

A form of visual memory lasting only a fraction of a second, part of the sensory memory that briefly holds visual images.

Visual Stimuli

Objects or aspects within the environment that are perceived visually, influencing psychological responses.

Rehearsed

The act of practicing or going over material in preparation for a presentation or performance.

Short-Term Memory

The part of the memory system where information is stored for a short duration, typically seconds to minutes.