_______________ Means Identifying the Best-In-Class Performance by a Company in Your

question 131

Multiple Choice

_______________ means identifying the best-in-class performance by a company in your area and then comparing your processes to theirs.

• A) Scenario planning
• B) Forecasting
• C) Benchmarking
• D) Environmental scanning
• E) Adapting

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Definitions:

Heuristics

Mental shortcuts or rules of thumb that simplify decision making, often leading to a speedy decision but not always to the best outcome.

Infinite Creativity

The boundless capacity to generate novel and original ideas, concepts, or artistic expressions.

Regularization

The process in language learning where irregular forms are mistakenly made regular by applying standard rules, often seen in child language acquisition.

Centration

The tendency, particularly in children during the preoperational stage, to focus on one aspect of a situation and neglect others.