The Most Difficult Part of Benchmarking Is

question 7

Multiple Choice

The most difficult part of benchmarking is

• A)whether to do it at all.
• B)figuring out how to gain access to information regarding rivals' practices and costs.
• C)when to initiate the process.
• D)what information to utilize in the analysis process.
• E)when to stop the process and move forward with strategy.

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Definitions:

Initial Period Cash

The amount of cash available at the beginning of a financial period or the start of a project.

Project Termination

The process of concluding or finalizing a project after its objectives have been achieved or it has been determined that objectives cannot be achieved.

Incremental Cash Flows

The additional cash flow a business receives from taking on a new project or investment.

Replacement Decision

The evaluation process for determining whether to repair, maintain or replace an asset or piece of equipment.