Question

Which of the following goals of a performance evaluation system is accomplished when the company's actual results are compared to industry standards?

A) Benchmarking
B) Motivating unit managers
C) Promoting goal congruence
D) Providing feedback

Answer 1

Benchmarking is the term used when a company's actual results are compared to industry standards in a performance evaluation system, and the goal achieved by this is identifying the company's market position and areas for improvement.

Step-by-step explanation:

When a company's actual results are compared to industry standards in a performance evaluation system, this process is known as Benchmarking. Benchmarking helps to identify where the company stands in terms of its competition and in the broader market. It can also help to detect areas of strength and weakness, establish performance targets, and drive improvements to reach the best industry standards. Therefore, the correct answer to the question is A) Benchmarking.

Answer 2

A) Benchmarking

Step-by-step explanation:

Benchmarking refers to a process in which the performance of the company could be measured with respect to the product, services, processes as compared with the industry performance

Here in the given situation, when an actual result is compared with the industry standards than we called as a benchmarking and the same is to be used for the evaluation of the performance system