Benchmarking refers to ________.
A) comparing performance results between work groups in the organization
B) determining departmental standards of performance
C) establishing a timeline to determine efficiency
D) balancing process and performance data within the company
E) comparing process and performance data from other companies

Question

Quizplus · Accepted Answer

A)A common approach to setting standards is benchmarking. It involves collecting and comparing process and performance data from other companies.
B)A common approach to setting standards is benchmarking. It involves collecting and comparing process and performance data from other companies.
C)A common approach to setting standards is benchmarking. It involves collecting and comparing process and performance data from other companies.
D)A common approach to setting standards is benchmarking. It involves collecting and comparing process and performance data from other companies.
E)A common approach to setting standards is benchmarking. It involves collecting and comparing process and performance data from other companies.

Benchmarking Refers to ________