The companies that help to set benchmarks are classified as ___________?
Correct answer: B. benchmark companies
- A. competitive companies
- B. benchmark companies
- C. analytical companies
- D. return companies
Explanation
Benchmark companies are selected as comparison standards so that a firm can measure its performance against relevant industry or market results. The other labels are not standard terms for this role.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Business Finance
Business finance explains how organisations plan, obtain and use money while balancing risk, return and liquidity. Topics include financial statements, time value of money, budgeting, working capital, capital structure, sources of finance, investment appraisal and cost of capital. Capital budgeting evaluates long-term projects, whereas working capital manages day-to-day operations.
Practise Business Finance
975 free Business Finance MCQs from Management Sciences, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Management Sciences questions like this
Management Sciences is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Business Finance questions
The total assets divided by common equity is a formula uses for calculating _________?
The price per share divided by earnings per share is the formula for calculating ___________?
The profit margin multiply assets turnover multiply equity multiplier is used to calculate __________?
A formula such as net income available to common stockholders divided by common equity is used to calculate __________?
The net income available to stockholders is $150 and total assets are $2,100 then return on total assets would be ________?
The techniques which are used to identify financial statements trends include __________?