Benchmarking Is the Comparison of a Company's Current Year Results

question 30

True/False

Benchmarking is the comparison of a company's current year results with an earlier year's performance.

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Definitions:

Sociological

Relating to sociology, which is the study of the development, structure, and functioning of human society.

Psychosocial

Pertaining to the influence of social factors and individual psychological aspects on human development and behavior.

Competence

The ability or skill to do something successfully or efficiently.

Achievement

The accomplishment of a goal or the attainment of higher statuses or levels, often recognized by others through rewards or honors.