Homework Answers
Answer
A)benchmarking
Explanation
Benchmarking allows an organization to compare its existing performance against other competitors (companies) best practices and adopting improvements with a purpose of continuous developments.
The Other Options are not correct because:
Competitive Analysis is process of identifying our competitors and evaluation of their Strenghts and weaknesses(SWOT) in relation to our business.
Differential Analysis is basically the cost-benefit analysis of various alterantives.
Budgeting is concerned with the estimation of incomes and expenses for a defined period(a year).
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help 21) Which of the following is the definition of benchmarking? A) Benchmarking is the study...
help
21) Which of the following is the definition of benchmarking? A) Benchmarking is the study of percentage changes in financial statement line items year to year. B) Benchmarking is the analysis of a financial statement that shows each item as a percentage of net sales or total assets. C) Benchmarking is the practice of comparing a company with other companies in that industry D) Benchmarking is the comparison of two companies using horizontal analysis 22) Please refer to the...
35. Which of the following best describes performance measures? a. They are derived from practice guidelines...
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35. Which of the following best describes performance measures? a. They are derived from practice guidelines...
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In a best practices model for evaluating supply chain performance, which of the following metrics reflect...
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This Question: 2 pts 8 Which of the following best describes horizontal analysis? A. comparing financial...
This Question: 2 pts 8 Which of the following best describes horizontal analysis? A. comparing financial statement line items from year to year for the same company O B. comparing a company's financial statements with other companies C. expressing each financial statement amount as a percentage of a budgeted amount OD. calculating key ratios to evaluate performance This Question: 2 pts 12 of 21 (3 complete) Mercer, Inc. provides the following data for 2019: Net Sales Revenue 599,000 Cost of...
sales volume changes 29 The practice of comparing a company with its prior performance or with best practices from other companies is called A) competitive analysis B) differentiation analysis benchmarking D) budgeting 30) Which of the following would not appear on the selling and administrative budget of Odell Company? A) Indirect Labor B) Rent Expense Salaries Expense D) Depreciation Expense 31 31) Camellia, a merchandising company, has provided the following extracts from their budget for the first quarter of the...
24) Four steps are necessary in preparing a production cost reports 1. Compute output in terms of equivalent units of production 2. Assign costs to units completed and units in process 3. Summarize the flow of physical units 4. Compute the cost per equivalent unit of production Place these steps in the correct order. A) 1,3,2,4 B) 3, 1, 4,2 C) 2, 1, 4,3 D) 4, 2, 1,3 Chapter 22 25) The budget process is a loop that consists of...
help
21) Which of the following is the definition of benchmarking? A) Benchmarking is the study of percentage changes in financial statement line items year to year. B) Benchmarking is the analysis of a financial statement that shows each item as a percentage of net sales or total assets. C) Benchmarking is the practice of comparing a company with other companies in that industry D) Benchmarking is the comparison of two companies using horizontal analysis 22) Please refer to the...
35. Which of the following best describes performance measures? a. They are derived from practice guidelines and are designed to measure systems of care b. They are a process by which an organization monitors important aspects of its programs, systems, and processes. c. They are forward-looking processes used to set goals and regularly check progress toward achieving those goals. d. All of the above 36. Good performance measures incorporate which of the following? a. Relevance b. Accuracy c. Feasibility d....
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