The _____ Is the Highest Award Given to Executive Branch

question 1

Multiple Choice

The _____ is the highest award given to executive branch agencies for management excellence.

• A) President's Quality Award
• B) Malcolm Baldrige Award
• C) Deming Prize
• D) National Quality Improvement Award

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Definitions:

Business Decisions

Choices made by businesses that affect its operations, strategy, and financial performance.

Competitive Price Takers

Firms in a competitive market that accept the prevailing market price and have no power to influence it.

Economic Profits

The excess of a firm's total revenues over its total costs, including both explicit and implicit costs.

Water Markets

Systems or platforms where water rights can be traded amongst users, typically to allocate water resources efficiently.