In Regards to Benchmarking,which of the Following Statements Is Incorrect

Multiple Choice

In regards to benchmarking,which of the following statements is incorrect?

A) Benchmarking is the practice of comparing a company with other leading companies.
B) The industry average is not a useful benchmark for evaluating a company.
C) Providing common-size percentages in a graphical manner highlights differences.
D) The two main types of benchmarks in financial statement analysis include benchmarking against the industry average and benchmarking against a key competitor.