___ is a technique that makes use of external comparisons to better evaluate one's current performance and identify possible actions for the future.
A) Contingency planning
B) Scenario planning
C) Forecasting
D) Management by objectives
E) Benchmarking

Question

Quizplus · Accepted Answer

Benchmarking involves comparing one's performance to others in the same industry or with similar processes to identify areas of improvement and best practices. This allows for a more objective evaluation of one's current performance and the identification of specific actions that can be taken to improve performance in the future.

___ Is a Technique That Makes Use of External Comparisons