question In management what does the term benchmarking mean

HOME

Commerce
Management
Law
Agriculture
Sociology
Political Science
Microbiology
Psychology
Financial Accounting

Management

Management MCQS - QUESTION DETAILS

In management, what does the term "benchmarking" mean?

A. Assessing employee performance
B. Comparing organizational processes and performance to industry best practices
C. Financial decision-making
D. Marketing strategies

Benchmarking in management involves comparing organizational processes and performance to industry best practices.

Similar Questions

What is the purpose of the Delphi Technique in decision-making in management?

A. Financial decision-making
B. Gathering opinions from experts anonymously to reach a consensus
C. Assessing employee performance
D. Marketing strategies

What is the focus of the autocratic leadership style in management?

A. Empowering team members to make decisions
B. Centralized decision-making with little input from subordinates
C. Financial reporting
D. Employee recruitment

What is the focus of the democratic leadership style in management?

A. Centralized decision-making
B. Participative decision-making involving input from team members
C. Financial reporting
D. Employee recruitment

In management, what does the term "span of control" refer to?

A. The physical size of an organization
B. The number of subordinates a manager can effectively supervise
C. Marketing strategies
D. Employee training programs

What is the purpose of the Herzberg's Two-Factor Theory in motivation management?

A. Evaluating employee performance
B. Identifying factors that lead to job satisfaction and dissatisfaction
C. Financial decision-making
D. Marketing strategies

In management, what does the term "strategic alliance" refer to?

A. Employee recruitment
B. Collaboration between organizations to achieve mutual goals
C. Financial decision-making
D. Marketing strategies

In management, what does the term "contingency planning" involve?

A. Employee training
B. Planning for unexpected events and developing alternative courses of action
C. Financial reporting
D. Market analysis

General

English
Math
Science
Pedagogy
Social Studies
Chemistry
Physics

Computer Science

Computer Fundamentals
Microsoft Word
Microsoft Excel
Microsoft PowerPoint
Programming
Database
Machine Learning

www.mcqstoday.com

HOME
ABOUT US
CONTACT US
PRIVACY POLICY