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:

Commission

A fee paid to an agent or employee for transacting a piece of business or performing a service, typically a percentage of the sale.

Profit

The positive difference obtained when expenses are subtracted from revenue.

Used-Car Dealer

A business that specializes in selling pre-owned vehicles to consumers, often offering financing and trade-in services.

Pension

A type of retirement plan where an employee receives compensation from an employer after retirement.