Benchmarking Is a Process ________

question 43

Multiple Choice

Benchmarking is a process ________.

• A) in which overhead costs are absorbed into units of output, or 'jobs'
• B) in which a firm's performance levels are compared against the best levels of performance in competing companies or in companies having similar processes
• C) which is based on calculating the breakeven point and analyzing the consequences of changes in various factors calculating the breakeven point
• D) in which the underlying processes of an organization is optimized using a systematic approach to achieve more efficient goals

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Definitions:

Hermann Ebbinghaus

A psychologist best known for his research on memory, the forgetting curve, and the spacing effect.

Richard Atkinson

A psychologist who, along with Richard Shiffrin, proposed the multi-store model of memory, which includes sensory memory, short-term memory, and long-term memory.

Trace Memory

A type of memory that results from automatic or unconscious learning and is not part of our conscious awareness, often revealed through performance rather than explicit recall.

Sensory Memory

The shortest-term element of memory, which allows individuals to retain impressions of sensory information after the original stimulus has ceased.