Question: Managers use historical data to represent quantities and prices and provide realistic benchmarks for measuring improvements in performance best describes which of the following? It

Managers use historical data to represent quantities and prices and provide realistic benchmarks for measuring improvements in performance best describes which of the following?

It is an advantage of using data from other companies that have similar processes.

It is an advantage of standards developed by the firm itself.

It is a disadvantage of using actual input data from past periods.IDON'TKNOWYET

Managers use historical data to represent

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