Use the Following to Answer Question(s)

question 186

Multiple Choice

Use the following to answer question(s) :
Exhibit: Guns and Butter

-(Exhibit: Guns and Butter) The maximum amounts of guns and butter this economy can produce is:

• A) 18 units of guns and 0 units of butter per period.
• B) 0 units of guns and 20 units of butter per period.
• C) 16 units of guns and 12 units of butter per period.
• D) all of the above combinations are maximum possible combinations.

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Definitions:

External Benchmarking

The process of comparing a company's performance or processes against those of other companies, typically industry leaders, outside the organization.

Industry Benchmarking

A process of comparing business processes and performance metrics to industry bests or best practices from other industries to improve performance.

Process Benchmarking

The method of evaluating business operations and performance indicators against the highest industry standards or the most effective practices of other organizations.

Internal Benchmarking

The process of comparing business processes and performance metrics to industry bests and best practices from within the same organization.