Which of the Following Statements Is True of Benchmarking

question 107

Multiple Choice

Which of the following statements is true of benchmarking?

• A) It is a systematic approach of optimizing business processes.
• B) It fails to help to improve organizational performance as benchmarking data does not provide insight into why costs or revenues differ across companies.
• C) It is difficult to ensure that the benchmark numbers are comparable due to the existence of differences across companies.
• D) It considers four major business aspects such as financial, customer, internal business processes, and learning and growth.

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Definitions:

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To recognize or point out the differences between two or more things or people.

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A form of shared attention between two or more individuals towards an object or event, crucial for social and language development.