Which of the Following Is the Definition of Benchmarking

question 121

Multiple Choice

Which of the following is the definition of benchmarking?

• A) Benchmarking is the study of percentage changes in financial statement line items year to year.
• B) Benchmarking is the analysis of a financial statement that shows each item as a percentage of net sales or total assets.
• C) Benchmarking is the practice of comparing a company with other companies in that industry.
• D) Benchmarking is the comparison of two companies using horizontal analysis.

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Definitions:

Task Structure

The degree to which job and task roles are defined, organized, and executed within an organization, affecting clarity and efficiency.

Delegating Style

A management approach where authority and tasks are transferred to lower-level employees, promoting responsibility and decision-making at all levels.

Hersey-Blanchard

A situational leadership model proposing that effective leadership is dependent on the task readiness of the followers.

High-Readiness

The state of being fully prepared and able to respond quickly and effectively to changes or opportunities.