Multiple Choice
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) Benchmarking is the development of a hypothetical scorecard.
Correct Answer:
Verified
Correct Answer:
Verified
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