Question: When managers use the benchmarking approach to planning, they __________. (a) use flexible budgets (b) identify best practices used by others (c) are seeking the

When managers use the benchmarking approach to planning, they __________.

(a) use flexible budgets

(b) identify best practices used by others

(c) are seeking the most accurate forecasts that are available

(d) focus more on the short term than the long term

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