Which of the Following Statements Is True of Benchmarking

question 107

Multiple Choice

Which of the following statements is true of benchmarking?

• A) It is a systematic approach of optimizing business processes.
• B) It fails to help to improve organizational performance as benchmarking data does not provide insight into why costs or revenues differ across companies.
• C) It is difficult to ensure that the benchmark numbers are comparable due to the existence of differences across companies.
• D) It considers four major business aspects such as financial, customer, internal business processes, and learning and growth.

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Definitions:

Foreign Corrupt Practices Act (FCPA)

A U.S. law that prohibits companies and their individuals from bribing foreign officials for business advantages.

Bribery Provisions

Legal rules or clauses that deal with the offering, giving, receiving, or soliciting of any item of value to influence the actions of an official or other person in charge of a public or legal duty.

Grease Payments

Small sums of money given to minor officials to expedite or ensure the performance of routine or necessary actions.

Cease and Desist Orders

Legal orders issued by a government agency or court directing a person or entity to stop engaging in a certain activity or behavior.