The Process of Continually Measuring Products, Services, and Practices Against

question 80

Multiple Choice

The process of continually measuring products, services, and practices against tough competitors or other organizations recognized as industry leaders is referred to as:

• A) balanced scorecard.
• B) benchmarking.
• C) Six Sigma.
• D) ERP.

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Definitions:

Developing Countries

Nations with a lower standard of living, undeveloped industrial base, and lower Human Development Index relative to other countries.

Social Justice

The pursuit of fairness and equity within society in terms of the distribution of wealth, opportunities, and privileges.

WTO

The World Trade Organization, an international body that regulates international trade agreements and aims to ensure smooth, free, and predictable trade flows.

Exploitation

The unfair use of someone's work or resources, often without proper compensation or regard for their wellbeing.