This type of performance measure typically involves comparison of a firm's performance in a given area against the performance of other companies.
A)balanced scorecard
B)benchmarking
C)scenario analysis
D)cost benefit analysis

Question

Quizplus · Accepted Answer

Benchmarking involves comparing a firm's performance in a given area to similar companies to identify best practices and areas for improvement. This type of performance measure specifically involves comparison to other companies. A balanced scorecard is a comprehensive performance management tool that considers multiple areas of performance, not just comparison to other companies. Scenario analysis involves analyzing potential future situations and their impact on a firm's performance. Cost benefit analysis involves comparing the costs and benefits of a particular business decision.

This Type of Performance Measure Typically Involves Comparison of a Firm's