Which Is the Easiest Form of Benchmarking to Establish

question 15

Multiple Choice

Which is the easiest form of benchmarking to establish?

• A) Competitive benchmarking
• B) Internal benchmarking
• C) Industry benchmarking
• D) Process benchmarking

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Definitions:

Potential Sales

The estimated total sales revenue that a company could theoretically achieve in a market under ideal conditions.

Treasurer

An officer in an organization responsible for managing the institution's treasury, including financial planning, risk management, and investment activities.

Controller

A high-level executive responsible for overseeing the accounting operations of a company, including financial reporting and budgeting.

S-Type Corporations

A special designation that allows profits to be passed directly to shareholders without being subjected to corporate income taxes, but with limitations on number and type of shareholders.