Standards for comparison are not generally necessary when making judgments about a company's performance.

Question

Quizplus · Accepted Answer

Standards for comparison are necessary to make objective judgments about a company's performance. Without standards, it is difficult to determine whether the company is performing well or not. Standards can be internal, such as previous performance or industry standards, or external, such as competitors or market expectations.

Standards for Comparison Are Not Generally Necessary When Making Judgments