What Is the Main Purpose of a Baldrige Site Visit

question 79

Multiple Choice

What is the main purpose of a Baldrige site visit?

• A) to introduce the selection committee to the top management team of the contending firm
• B) to formally congratulate an award winner
• C) to verify and clarify those portions of the Baldrige application having the greatest impact on the judges' scores
• D) to discuss the outcome of the evaluation process
• E) to collect additional information on each of the seven evaluation criteria

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Definitions:

Present Values

The current worth of a future sum of money or stream of cash flows given a specified rate of return, used in discounting to address the time value of money.

Annuities

An investment product sold by financial institutions that pays out a fixed stream of payments to the individual, and is often used as an income stream for retirees.

Compute

To calculate or determine by mathematical means.

Compounded Semiannually

Refers to the process of calculating interest on both the initial principal and the accumulated interest over two periods within a year.