Which of the Following Is NOT a Method of "Benchmarking

question 1

Multiple Choice

Which of the following is NOT a method of "benchmarking"?

• A) Conducting an industry group analysis.
• B) Utilizing the DuPont system to analyze a firm's performance.
• C) Evaluating a single firm's performance over time.
• D) Identifying a group of firms that compete with the company being analyzed.

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Definitions:

Allocation Base

A criterion or standard used to distribute costs among different cost objects, such as departments, products, or projects.

Overhead Costs

Expenses not directly attributed to the production of specific goods or services, such as rent, utilities, and office expenses.

Direct Labor Hours

The total hours worked directly on the production of goods or services, used in calculating the labor cost of products.

Allocation Base

A measure or statistics used to determine how to distribute indirect costs to various cost objects in a way that is equitable and rational.