What is benchmark data and what is its primary use


Question: What is benchmark data and what is its primary use? Group of answer choices Data collected from random sources, used for ad-hoc reporting. Data representing an organization's standard performance, used for comparison and improvement purposes. Confidential data, used solely for internal audits. Outdated data, used for historical analysis only.

 

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Accounting Basics: What is benchmark data and what is its primary use
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