What Is Benchmarking

question 35

Multiple Choice

What is benchmarking?

• A) Identifying a problem to be fixed
• B) Seeking an industry's or profession's best practices to imitate and improve
• C) Explaining why a problem occurred
• D) Asking the CEO's opinion and going with his or her idea

---

Definitions:

Standard Deviation

A statistical measure that quantifies the amount of variation or dispersion of a set of values.

Distributions

Distributions describe how the values of a variable are spread or distributed across possible values.

Data

Information collected for analysis or reference.

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in the set deviate from the mean.