An IT company uses industry average as a standard for measuring its financial performance. Here, the industry standard is used as a(n)________.
A)scheme
B)outline
C)benchmark
D)objective

Question

Quizplus · Accepted Answer

The term "benchmark" refers to a standard or point of reference against which something can be measured or compared. In this case, the industry average is being used as a benchmark to measure the financial performance of the IT company. Options A, B, and D do not accurately describe this use of the industry average as a standard.

An IT Company Uses Industry Average as a Standard for Measuring