Benchmarking Involves Four Basic Steps,which Are

question 95

Multiple Choice

Benchmarking involves four basic steps,which are:

• A)plan,do,check,and act.
• B)planning,analysis,integration,and action.
• C)search,check,systematize,and act.
• D)find,do,change,and calibrate.

---

Definitions:

Financial Account Deficit

A situation where the value of a country's imports of financial assets exceeds its exports over a given period.

Current Account Surplus

Occurs when a country's total exports of goods, services, and transfers exceed its total imports.

Financial Account Deficit

A situation where a country's financial outflows to other countries exceed the inflows from them.

Current Account Surplus

A situation where a country's earnings from exports exceeds its spending on imports, leading to net positive income from foreign transactions.