Obtaining Cost Information Is a Primary Difficulty Associated with Benchmarking

question 103

Multiple Choice

Obtaining cost information is a primary difficulty associated with benchmarking. The following are typical sources for collecting information, EXCEPT

• A) from published reports, industry research firms, and trade groups.
• B) from talking to knowledgeable industry leaders.
• C) from field trips to the facilities of competitors or non-competing firms.
• D) from independent firms and consulting firms to gather best practices and comparative cost data without identifying competing firms.
• E) from the classified government documents.

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Definitions:

Freudian Theory

A set of psychoanalytic theories proposed by Sigmund Freud that center on unconscious motives, conflicts, and childhood experiences influencing behavior.

Conflict

A situation or process where individuals, groups, or interests are in opposition, leading to disagreements or disputes.

Self-actualization

The realization or fulfillment of one’s talents and potentialities, considered as a drive or need present in everyone.

Impulses

Sudden desires or urges that can lead an individual to act without forethought, often based on immediate emotional responses.