Which of the Following Refers to a Procedure in Which

question 70

Multiple Choice

Which of the following refers to a procedure in which an organization compares its own practices against those of the competition?

• A)Delayering
• B)Forecasting
• C)Offshoring
• D)Benchmarking
• E)Job evaluation

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Definitions:

Contracting Parties

The individuals, entities, or organizations that enter into a contractual agreement.

Flexibility

The quality of being adaptable or the capacity to be easily modified or adjusted in response to changing conditions.

Conform

To act in accordance with rules, standards, or norms.

Price per Unit

The cost associated with a single unit of a product or service, allowing for comparison and calculation of total costs.