The Final Step in Setting Standards by Benchmarking Is to _____

question 61

Multiple Choice

The final step in setting standards by benchmarking is to _____.

• A) implement functional departmentalization across a company
• B) identify the companies against which to benchmark one's standards
• C) collect data to determine other companies' performance standards
• D) determine the effects of benchmarking on the company's performance

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Definitions:

Workers' Compensation

A type of insurance that offers medical benefits and replaces wages for workers hurt while performing their job duties.

Injured

This term typically refers to physical harm or damage suffered by a person or entity, not usually a key term in a financial or business context, so NO.

State Unemployment

A program providing financial assistance to unemployed workers from their state government.

Federal Unemployment Taxes

Taxes paid by employers to the federal government to fund unemployment benefits for workers who lose their jobs.