Engineering Board Exam Reviewer · Engineering Management · medium

Benchmarking is the process of:

1. Setting the lowest acceptable standard
2. Comparing an organization's practices and performance with those of the best organizations
3. Measuring employee absenteeism
4. Calculating the break-even point

Answer

B. Comparing an organization's practices and performance with those of the best organizations

Solution

Benchmarking identifies best practices to adopt.

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