Briefly describe what benchmarking does
What will be an ideal response?
Answer: Benchmarking compares a company's current performance against its own previous performance or against that of its competitors. This is often done through trend analysis, in which a company's financial performances (in chosen categories) are compared to its industry average or to its closest competitors.
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Which is a listing of all the subassemblies, parts, and raw materials that go into a parent assembly showing the quantity of each that is required to make an assembly?
a. bill of materials b. time-phased order requirements schedule c. routing master d. master production schedule
A dramatization execution has a more intense story format than which execution?
A) slice-of-life B) testimonial C) resonance D) conative
Machinery is purchased on credit. What effect does this transaction have on the accounting equation?
A) Assets and liabilities increase B) Assets and stockholders' equity increase C) Liabilities increase and stockholders' equity decreases D) Assets and liabilities decrease
Individuals can seek criminal and civil penalties against those who violate consumer protection statutes
Indicate whether the statement is true or false