A benchmark is a(n) ________.
A) quantitative standard used in manufacturing
B) minimum standard of performance in certain industries
C) reference point used as a baseline measurement
D) evaluative standard used to compare two industries

Question

Quizplus · Accepted Answer

A benchmark is a reference point used as a baseline measurement. Although it can serve as a quantitative or evaluative standard, the primary function of a benchmark is to provide a point of comparison for measuring performance or progress. While certain industries may adopt minimum standards of performance, these criteria are not necessarily benchmarks unless they are widely recognized and used as a reference point by other organizations or stakeholders.

A Benchmark Is A(n) ________