Comparing business results and accounting information is known as
A)process benchmarking.
B)financial benchmarking.
C)performance benchmarking.
D)strategic benchmarking.

Question

Quizplus · Accepted Answer

Financial benchmarking involves comparing a company's financial metrics and performance with that of other businesses within the same industry or sector. This can include analyzing revenues, profits, expenses, and other key financial indicators to assess competitiveness and efficiency.

Comparing Business Results and Accounting Information Is Known as