Which of the Following Is NOT a Benefit of Benchmarking

question 176

Multiple Choice

Which of the following is NOT a benefit of benchmarking?

• A) It helps companies determine where they can improve.
• B) It does not help management highlight company problems.
• C) It can be used to compare a company's budgets to other leading companies through the use of industry averages.
• D) It helps companies develop budgets to assist in meeting performance goals.

Distinguish between business ethics and general ethics.

Differentiate between stakeholders and shareholders and understand their roles in business decisions.

Explore the interplay between law and business ethics in shaping business decisions.

Acknowledge various ethical theories and their impact on business decisions including consequentialism, utilitarianism, and absolutism.

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Definitions:

Egalitarian People

Individuals who believe in the equal rights, responsibilities, and opportunities of all people, regardless of gender, race, or socioeconomic status.

Cooperative People

Individuals who are willing to work together towards common goals or interests.

Structural Holes

Concept in social networks that refers to the gaps between different clusters or groups of individuals, which can create opportunities for information brokerage or innovation.

Disconnections

The interruptions or loss of linkages in networks, systems, or relationships.