Question 23 (1 point) Which of the following is true of benchmarking? 1) It is a

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Question 23 (1 point) Which of the following is true of benchmarking? 1) It is an analysis in which a firm's ratio values are analyzed to project the fundamental 2) It is an analysis in which a firm's ratio values are compared with those of a key 3) It is an analysis in which a firm's financial performance over time is evaluated using 4) It is a financial statement analysis technique which combines cross-sectional and time- values of the assets for upcoming years or business cycle competitor or with a group of competitors that it wishes to emulate. financial ratio analysis. series analyses.

Explanation / Answer

Option 2)
Benchmarking is ana analysis in which a firm's ratio values are compared with those of a key compeititor or with a group of competitors that it wishes to emulate

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