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kati45 [8]
3 years ago
6

Which of the following is an example of the benchmarking function of the budgeting​ process?

Business
1 answer:
postnew [5]3 years ago
7 0

Answer: Option D          

Explanation: In simple words, benchmarking refers to the process in which the company sets the standards of performance based on the industry averages or from the performance of their competitors.

The benchmarking is done for the future reference so that the actual results could be compared with the set standards and the performance of the managers could be evaluated.

Hence from the above we can conclude that the correct option is D.

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