A Drawback of HR Benchmarking Is That the Results Do

question 112

True/False

A drawback of HR benchmarking is that the results do not shed light on the reason for discrepancies between the organization's benchmarking ratios and the ratios of the organizations to which it is being compared.

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Definitions:

Financial Budgets

Detailed plans that outline an organization's financial goals, expected revenues, and expenses for a specific period.

Cash Budget

A budget that estimates the expected receipts (inflows) and payments (outflows) of cash for a period of time.

Capital Expenditures Budget

A plan for a company’s expenditures on large physical assets like property, plant, and equipment that are expected to last more than one year.

Budgeted Balance Sheet

A projection of a company's financial position at a specific future date, showing expected assets, liabilities, and equity.