Normalisation Is Used to Remove the Effects of Factors Outside

question 75

Multiple Choice

Normalisation is used to remove the effects of factors outside the control of the organisation in:

• A) competitive benchmarking.
• B) industry benchmarking.
• C) process benchmarking.
• D) external benchmarking.

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Definitions:

Public Trading Companies

Corporations whose shares are listed and traded on public stock exchanges, making their ownership publicly accessible.

Adequate Capital

Sufficient funds required by a business to finance its operations and meet its obligations without facing financial distress.

Bank Run

A situation where a large number of a bank's customers try to withdraw their deposits simultaneously because they believe the bank might fail.

Canadian Deposit Insurance Corporation (CDIC)

A federal crown corporation in Canada that provides deposit insurance to protect the deposits made by consumers in member financial institutions in case of their failure.