The Leadership Category in the 2011-2012 Baldrige Criteria Consists of Two

question 43

Multiple Choice

The Leadership category in the 2011-2012 Baldrige Criteria consists of two examination items: Senior Leadership and _____.

• A)Support of Key Communities
• B)Governance and Societal Responsibilities
• C)Vision, Values, and Mission
• D)Communication and Organizational Performance

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Definitions:

Demand Curves

Graphical representations showing the relationship between the price of a good and the quantity demanded.

Supply Curves

Supply curves graphically represent the relationship between the price of a good or service and the quantity of it that suppliers are willing to produce and sell.

Equilibrium Quantity

The quantity at which the intentions of buyers and sellers in a particular market match at a particular price such that the quantity demanded and the quantity supplied are equal; the profit-maximizing output of a firm.

Flat-Rate State Income Tax

A tax system where a single tax rate is applied to all income levels, making the tax amount proportionate to income without progressive scaling.