Which of the Following Is NOT One of the Steps

question 103

Multiple Choice

Which of the following is NOT one of the steps followed in the benchmarking process?

• A)Develop tactical programs for closing performance gaps.
• B)Implement tactical programs, measure the results, and compare the results with those of the best-in-class company.
• C)Link parallel activities instead of integrating their results.
• D)Identify the area or process to be examined.
• E)Calculate the differences among the company's performance measurements and those of the best-in-class company.

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Definitions:

Budget Variances

The difference between budgeted or planned financial activity and the actual financial performance, indicating over or underperformance against budget.

Machine-Hours

A measurement of the amount of time machines are operating, used as a basis for allocating machine-related costs to products or services.

Fixed Manufacturing Overhead

Costs associated with manufacturing that do not vary with the level of production, such as salaries of managers, rent of the factory, and depreciation of manufacturing equipment.

Budget Variance

The difference between budgeted figures for revenue or spending and the actual amounts incurred.