Research Suggests That Best Practices Frequently Already Exist Within an Organization,_________

question 95

Multiple Choice

Research suggests that best practices frequently already exist within an organization,_________ .

• A) and are being used
• B) making formalized benchmarking a redundant and costly task
• C) but various managerial biases prevent them from being enacted
• D) but often go unidentified

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Definitions:

Human Behavior

The range of actions and manners exhibited by humans in response to their environment, social dynamics, or internal states.

Economic Decisions

Choices made by individuals or organizations regarding the allocation of resources and the distribution of goods and services, often based on factors like cost, benefits, and economic conditions.

International Monetary Fund

An international organization created to foster global monetary cooperation, secure financial stability, facilitate international trade, and reduce poverty around the world.

Short-term Loans

Loans that are scheduled to be repaid in a short period, typically within a year, used for immediate financial needs.