In Terms of Setting Goals and Objectives, What Is Considered

question 34

Multiple Choice

In terms of setting goals and objectives, what is considered to be one of the major benefits gained from applying for the Malcolm Baldrige National Quality Award?

• A) It promotes the development of discontinuous objectives.
• B) It helps the firm to set objectives that are difficult for competitors to copy.
• C) It helps the firm to focus solely on customer requirements.
• D) It promotes the development of goals that are consistent with the firm's mission.
• E) It allows the firm the freedom to pursue other strategic initiatives.

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Definitions:

Responsiveness

The degree to which a system or entity promptly reacts to inputs, changes, or stimuli.

Absolute Amounts

Numerical values or quantities that are not relative or comparative and exist independently as total figures.

Economists

Professionals who study, develop, and apply theories and principles of economics to understand how economies work and to analyze economic policies.

Determinants

Factors that cause changes in the behavior of individuals, systems, or processes, often studied to understand cause-and-effect relationships.