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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › performance measurement
Could you please explain why (ii) is incorrect.
24.16 The following statements relate to benchmarking
(i) A danger of benchmarking is that inappropriate comparisons lead to incorrect conclusions
(ii) Benchmarking must involve competitors to be effective
(iii) The ultimate aim of benchmarking is to improve performance
(iv) Benchmarking is essentially a cost cutting exercise Which statements are true?
A (i) and (iv) only
B (ii) and (iv) only
C (ii) and (iii) only
D (i) and (iii) only
You can have internal benchmarking – comparing one part of the business with another part.