The Business Practice of Looking for a Firm That Has

question 26

Multiple Choice

The business practice of looking for a firm that has best practices in an area and then emulating those practices is called:

• A) organizational architecture.
• B) benchmarking.
• C) competitive markets.
• D) decision management.

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Definitions:

Valid

Pertaining to an argument or claim that is logically sound and holds under scrutiny.

Unsound

Refers to an argument that either has false premises or does not follow a logical structure, leading to an unreliable conclusion.

Disjunctive Syllogism

A type of deductive argument by elimination in which the premises present only two alternatives.

Deductive Arguments

A logical process where the conclusion is based on the concordance of multiple premises that are generally assumed to be true.