What is a benchmark problem?
A)A difficulty encountered when attempting to bring an accounting information system up to industry best practices.
B)A method used to compare the efficiency of alternative accounting information systems.
C)The cost-benefit tradeoff defined by the relationship between increased costs and increased benefits from a system.
D)A method used to test the compatibility of a new accounting information system with existing hardware and software.

Question

Quizplus · Accepted Answer

A benchmark problem is a method used to compare the efficiency of alternative solutions or systems. This can be used to determine the best approach or technology to use in a particular situation. It involves establishing a standard or benchmark against which other solutions can be measured. In the context of accounting information systems, benchmarking can help to identify areas for improvement and ensure that best practices are being followed.

What Is a Benchmark Problem