A "Best Practice" Standard

Multiple Choice

A "best practice" standard

A) helps a company move toward performing its value chain activities more effectively and efficiently.
B) is the sole means of measuring whether or not a company performs a specific task or activity so as to achieve the lowest possible costs.
C) conforms to established industry standards.
D) is a measure of a company's core competence.
E) is often sufficient justification for maintaining the status quo.