Solved: Why is it necessary to establish benchmarks, Accounting Basics

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Why is it necessary to establish benchmarks

Question:

Why is performance measurement important to the success of businesses? Should performance measures be qualitative, quantitative, or both? Justify your answer.

For performance measurements to be meaningful why is it necessary to establish benchmarks?

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Accounting Basics: Why is it necessary to establish benchmarks

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Accounting Basics: Why is it necessary to establish benchmarks

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