The Managers of Z-Cosmetics, After Identifying Key Measurements, Decided to Set

question 11

Multiple Choice

 The managers of Z-Cosmetics, after identifying key measurements, decided to set performance targets for their business. In order to fulfill the purpose, they adopted a process that required management to collect data from Color Cosmetics, a leading manufacturer in the industry. The managers of Z-Cosmetics believed that adopting the best practices across the industry would help them achieve their goals more effectively. Identify the process used by Z-Cosmetics to set performance targets.

• A) Activity-based costing
• B) Benchmarking
• C) Total Quality Management
• D) Budgeting

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Definitions:

Collective Movement

A group action taken towards achieving a common goal, often used in the context of social or political activism.

Social Movement

A collective, organized effort by a large group of people to achieve a particular goal, typically aimed at social change or resisting social change.

Deindividuation

A psychological state occurring in group contexts that leads to reduced self-awareness and diminished social identity, often resulting in uninhibited or deviant behavior.

Zimbardo

A psychologist known for his research on social roles and conformity, particularly the Stanford prison experiment which examined the effects of perceived power and authority in a simulated prison setting.