Which of the Following Does Benchmarking Focus On

question 77

Multiple Choice

Which of the following does benchmarking focus on?

• A)Identifying best matrics.
• B)Analyzing best matrics.
• C)Studying best processes.
• D)Exceeding best processes.

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Definitions:

Collection

Collection involves the process of gathering or receiving payments, funds, or necessary documents, especially in the context of business receivables or debts.

Perpetual Inventory System

Inventory accounting method where transactions are instantly recorded via computerized point-of-sale systems and enterprise asset management software.

Merchandise

Goods bought and sold by businesses in the course of their trade; often refers specifically to products sold by retail businesses.

Discount Period

The discount period is the time frame during which a payment can be made with a discount for early payment according to the terms of a sales agreement.