Which of the Following Is Part of the Benchmarking Process

question 148

Multiple Choice

Which of the following is part of the benchmarking process?

• A)standard setting against industry averages
• B)assess external and internal conditions and match with those of the benchmarked company
• C)sharing information with other companies
• D)obtaining a benchmarking license
• E)setting up bench mark variances

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Definitions:

Accessibility

The ease with which people can bring an idea into consciousness and use it in thinking.

Mere Exposure Effect

The phenomenon by which people tend to develop a preference for things merely because they are familiar with them.

Primacy Effect

The tendency to remember information at the beginning of a list or sequence better than information in the middle or at the end.

Political Debate

A formal discussion between individuals or parties where differing viewpoints and policies regarding political issues are presented and argued.