What Is Benchmarking

question 5

Multiple Choice

What is benchmarking?

• A) the practice of identifying employees with promotion potential
• B) the practice of identifying performance differences with competing firms
• C) the process of identifying the best practices of a firm in a given area and comparing your practices to their practices
• D) the process of establishing performance standards through HRP

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Definitions:

Discrimination

Unfair treatment or prejudicial judgment toward individuals based on characteristics such as race, age, gender, or religion.

Hiring Process

The series of steps an organization takes to identify, attract, and choose individuals for employment positions.

Firm's Costs

The total expenses incurred by a company in the process of producing and selling goods or services.

Discrimination

The unfair or biased treatment towards various groups of individuals, particularly based on their race, age, or gender.