A Process That Systematically Compares Work Processes of Competitors or with Best

question 15

Multiple Choice

A process that systematically compares work processes of competitors or with best practices in an industry is called

• A) benchmarking.
• B) appraising.
• C) estimating.
• D) cost-benefit analysis.

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Definitions:

Technical Expertise

Specialized knowledge or skills in a specific field or discipline, often relating to the application of scientific or technical knowledge.

Line Workers

Employees who are directly involved in the operational processes of a company, typically in manufacturing or production.

Planning

The process of making plans for something, including setting goals, strategies, and actions.

Controlling

is one of the four major functions of management, focusing on monitoring performance and making adjustments to achieve goals.