A "Best Practice

Multiple Choice

A "best practice":

A) is a method of performing an activity or business process that at least one company has demonstrated works particularly well in terms of delivering some highly positive operating outcome.
B) refers to the best-known procedure for performing a specific task or activity so as to achieve the lowest possible costs.
C) refers to performing activities in a manner that conforms to established industry standards.
D) refers to a company's core competence.
E) refers to performing a particular value chain activity in "world-class" fashion (one unmatched by any other company in the world) .