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Developing Efficiency Standards Based on Best Practices Is Called Benchmarking

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Developing efficiency standards based on best practices is called benchmarking.


Definitions:

Jamestown

The first permanent English settlement in North America, founded in Virginia in 1607, playing a significant role in the history of the United States.

New World

Historically refers to the Western Hemisphere, including the Americas, discovered by European navigators in the late 15th century.

Virginia Company

A joint-stock company chartered by James I of England in 1606 to establish settlements on the coast of North America.

Massachusetts Company

An English stock company chartered in 1629 for the colonization of Massachusetts Bay in New England and played a central role in the settlement of the region by Puritans.

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