A good benchmark to compare business performance during a given period is:
A) budgeted performance.
B) past performance.
C) competitor's performance.
D) all of the above.

Question

Quizplus · Accepted Answer

To fully evaluate the success of a business during a given period, it is best to compare it against multiple benchmarks. Budgeted performance provides insight into whether the company was able to meet its own expectations and goals. Past performance shows whether the company has improved or declined relative to previous periods. Comparing performance to competitors in the same industry can help identify areas where the company could improve or gain a competitive advantage. Therefore, all of the above options are valuable benchmarks for evaluating business performance.

A Good Benchmark to Compare Business Performance During a Given