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blakenordgaard blakenordgaard
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A year ago
Which of the following statements is correct regarding benchmarking?

▸ Benchmarking participants should adhere to the Benchmarking Code of Conduct which provides general principles to follow during the benchmarking process.

▸ Benchmarking involves selecting measures, setting targets for measures and adjusting the benchmark as strategies change.

▸ Benchmarking is the practice of using a company's own data to identify the processes and practices in which it outperforms its competitors.

▸ Benchmarking is the development of a hypothetical scorecard.
Textbook 
Managerial Accounting

Managerial Accounting


Edition: 4th
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awbradshawawbradshaw
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A year ago
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