What technique improves performance of activities and processes by searching for best practices?
A)value-added reporting
B)kaizen costing
C)trend reporting
D)benchmarking

Question

Quizplus · Accepted Answer

Benchmarking involves identifying and analyzing best practices of other organizations and implementing them to improve performance. This technique aims to identify areas for improvement and learn from the success of others to enhance the organization's efficiency and effectiveness. Value-added reporting and trend reporting are focused on analyzing and reporting financial or performance data, while kaizen costing is a specific cost management technique.

What Technique Improves Performance of Activities and Processes by Searching