Companies Use Both Internal and External Benchmarks

question 119

True/False

Companies use both internal and external benchmarks.

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Definitions:

Bruner

Jerome Bruner, an American psychologist who made significant contributions to human cognitive psychology and cognitive learning theory in educational psychology.

Firsthand Knowledge

Information or understanding acquired through direct experience or observation, rather than secondhand sources.

Generalizability

The extent to which research findings and conclusions from a study conducted on a sample population can be applied to the larger population.

Asian Farmers

Agricultural workers in Asia, who cultivate crops and raise livestock on small-scale family-owned farms or on larger agricultural holdings.