Which of the following statements is correct regarding benchmarking?
A) Benchmarking is the practice of using a company's own data to identify the processes and practices in which it outperforms its competitors.
B) Benchmarking involves selecting measures,setting targets for measures and adjusting the benchmark as strategies change.
C) Benchmarking participants should adhere to the Benchmarking Code of Conduct which provides general principles to follow during the benchmarking process.
D) All of these ans choices are correct regarding benchmarking.
Correct Answer:
Verified
Q101: To balance the scorecard,organizations should also select
A)Leading
Q101: A pictorial representation of the cause-and-effect relationships
Q102: Building a balanced scorecard involves
A)Clarifying strategies.
B)Translating strategies
Q103: Which of the following strategies relate to
Q104: The steps involved in building a balanced
Q108: Which of the following strategies relate to
Q111: Which of the following strategies relate to
Q112: The practice of using data from other
Q116: In selecting the measures for the balanced
Q117: Which of the following is a measure
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