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.

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Definitions:

Product Development

is a comprehensive process of bringing a new product to the market, which includes conception, design, development, and marketing of new or improved goods or services.

Golf Ball

A small, dimpled ball designed specifically for the game of golf, optimized for distance, flight stability, and control.

Geographical Markets

Areas or locations where products or services are marketed, each with its own set of customers with distinct needs and characteristics.

Pharmaceutical Companies

Businesses licensed to research, develop, market, and distribute drugs in the healthcare sector, often focusing on novel or generic drug manufacturing.