The Malcolm Baldrige National Quality Award Is Given to Organizations

question 67

Multiple Choice

The Malcolm Baldrige National Quality Award is given to organizations that have done which of the following?

• A)Instituted a six-sigma approach to total quality control
• B)Demonstrated a high level of product quality
• C)Demonstrated outstanding quality in their products and processes
• D)Have a world-class quality control function
• E)Most significantly improved their product quality levels

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Definitions:

CCA Deductions

Refers to Capital Cost Allowance deductions in taxation, allowing businesses to claim depreciation on tangible capital assets.

CCA Tax Shield

Refers to the decrease in taxable income for businesses in Canada due to Capital Cost Allowance, which allows for the depreciation of tangible property to be deducted from taxable income.

Terminated Project

A project that has been ended prior to its completion due to various reasons such as feasibility, costs, or changes in strategy.

Demand-Pull Inflation

Inflation that occurs when aggregate demand in an economy outweighs aggregate supply, leading to an increase in prices.