Cost Accounting (15th Edition)

Published by Prentice Hall
ISBN 10: 0133428702
ISBN 13: 978-0-13342-870-4

Chapter 23 - Performance Measurement, Compensation, and Multinational Considerations - Assignment Material - Questions - Page 899: 23-12

Answer

Benchmarking in evaluating managers involves comparing a manager's performance to that of similar operations. The goal is to find a suitable benchmark, ideally one influenced by the same noncontrollable factors affecting the manager's performance. This process neutralizes the impact of shared external factors and offers a clearer assessment of the manager's performance.

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