In Functional Benchmarking, a Company Focuses Its Benchmarking Efforts on a Single

question 21

True/False

In functional benchmarking, a company focuses its benchmarking efforts on a single function to improve the operation of that function.

---

Definitions:

Correlated

A statistical relationship indicating that two variables move in relation to each other, either positively or negatively.

Relationship

How two or more entities, things, or persons relate to each other, or their state of linkage.

Predict

To declare or indicate an event, condition, or result in the future, typically based on observation, experience, or scientific reasoning.

Representative Sample

A smaller portion of a population that accurately represents the characteristics of the whole population.