A benefit obtained from using industry averages is that it provides a(n)
A) benchmark to compare the company's results.
B) indication where errors exist in the statements.
C) benchmark to be used in evaluating a client's budgets.
D) comparison of "what is" with "what should be."

Question

Quizplus · Accepted Answer

Industry averages provide a standard or benchmark against which a company can compare its own performance, identify strengths and weaknesses, and make improvements.

A Benefit Obtained from Using Industry Averages Is That It