Asked by Erick Varela on May 03, 2024

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Which term below defines organizational comparisons?

A) accreditation
B) benchmarking
C) cost-benefit analysis
D) performance evaluations

Organizational Comparisons

Involves analyzing and evaluating one organization against another to understand performance differences, strengths, weaknesses, or effectiveness in various areas.

Benchmarking

The process of comparing business processes and performance metrics to industry bests and best practices from other companies.

Performance Evaluations

A process used by organizations to assess and review an employee's job performance and productivity over a specific period.

  • Distinguish between different types of benchmarking and their purposes.
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Patrycja SzymikMay 05, 2024
Final Answer :
B
Explanation :
Benchmarking involves making comparisons with other organizations in order to identify best practices and areas that need improvement. Accreditation involves meeting certain standards and requirements set by an accrediting agency. Cost-benefit analysis involves weighing the costs and benefits of a particular decision. Performance evaluations involve assessing the performance of individuals or teams within an organization.