Benchmarking Is the Process of Comparing the Organization's Processes and Practices

question 88

True/False

Benchmarking is the process of comparing the organization's processes and practices with those of other companies.

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Definitions:

Promised Action

An agreed-upon deed or activity that a party has committed to perform in the scope of a contract or agreement.

Set of Promises

A collection or aggregation of commitments or assurances made by one party to another within the context of a contract or agreement.

Legal Objective

A principle that requires contracts to have a purpose that is lawful and not against public policy in order to be enforceable.

Breach

The violation or breaking of a law, duty, or contractual obligation either by commission or omission.