Benchmarking Exercises Are Most Likely to Focus On

question 37

Multiple Choice

Benchmarking exercises are most likely to focus on:

• A) production activities of the firm.
• B) activities of the firm that are reported in financial performance measures.
• C) factors which are identified as critical success factors for the firm.
• D) items the firm has identified as one of its 'weaknesses' in a SWOT analysis.

---

Definitions:

Accountant

A professional who performs accounting functions such as audits or financial statement analysis.

Client

A client is an individual or entity that engages the professional services or advice of another, establishing a professional relationship.

Civil Lawsuits

Legal actions between private parties (individuals or entities), not involving criminal penalties, where the plaintiff seeks compensation or remedial action for wrongs alleged.

Racketeering Influenced and Corrupt Organizations Act

A federal law, often referred to as RICO, designed to enable the prosecution of criminal acts performed as part of an ongoing organization.