Benchmarking Is the Process of Comparing Business Processes and Outcomes

question 88

True/False

Benchmarking is the process of comparing business processes and outcomes to an industry standard or best practice.

---

Definitions:

Zika Virus

A mosquito-borne virus that can cause birth defects and other neurological conditions in infants born to infected mothers.

Free Trade

The absence of tariffs, quotas, and other regulatory barriers to trade between countries, allowing for the unrestricted exchange of goods and services.

Production

The process of creating goods or services by combining various inputs like labor, capital, and natural resources.

Government Subsides

Financial assistance provided by the government to individuals, organizations, or businesses in order to promote certain activities or reduce the costs of those activities.