What is a good benchmark to compare business performance during a given period?
A)Budgeted performance
B)Past performance
C)Competitor's performance
D)All of the above

Question

Quizplus · Accepted Answer

Budgeted performance provides a benchmark to compare an organization's actual performance against the expected performance, whereas past performance helps to analyze the trend and identify areas of improvement. Meanwhile, competitor's performance gives an idea of how well the business is doing when compared to industry peers. Therefore, all of the above options provide a good benchmark to compare business performance during a given period.

What Is a Good Benchmark to Compare Business Performance During