_____ is the process of comparing a firm's practices and technologies with those of other organizations.
A) Benchmarking
B) Budgeting
C) Six Sigma
D) Management audit
E) Feedforward control

Question

Quizplus · Accepted Answer

Benchmarking is the process of comparing a firm's practices and technologies with those of other organizations. It helps organizations identify areas where they are lagging behind and allows them to learn from the best practices of others. Budgeting is the process of setting financial goals and allocating resources to achieve those goals. Six Sigma is a process improvement methodology that emphasizes reducing defects and improving efficiency. Management audit is the process of evaluating the effectiveness of a management team. Feedforward control is a type of control that attempts to prevent problems from occurring by anticipating them and taking action to avoid them.

_____ Is the Process of Comparing a Firm's Practices and Technologies