Benchmarking:
A)is a cost-benefit tool for justifying investment.
B)is a process improvement technique for assigning workers to the correct workstations.
C)is a form of process variance reduction.
D)uses information from industry leaders to set stretch goals.

Question

Quizplus · Accepted Answer

Benchmarking uses information from industry leaders to set stretch goals, which can help organizations improve their performance and competitiveness. It is not primarily a cost-benefit tool, a process improvement technique for assigning workers to workstations, or a form of process variance reduction.