A process in which management is looking outward to examine how others achieve their performance levels and to understand the process they use, is called —

CS Executive · Cost and Management Accounting · PYQS · June 2016
A process in which management is looking outward to examine how others achieve their performance levels and to understand the process they use, is called —
(A) Balanced score card
(B) Target costing
(C) Bench marking process
(D) Performance analysis.

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Management Control Systems

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