One of the Mechanisms Used to Encourage Innovation and Creativity

question 46

True/False

One of the mechanisms used to encourage innovation and creativity in the Malcolm Baldrige National Quality Award Criteria for Performance Excellence is the prescriptive nature of the criteria, which channels activities toward following procedures, not toward purpose.

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Definitions:

ITQs

Individual Transferable Quotas; regulatory tools used in fisheries management to control the total amount of fish that can be caught by allocating specific allowances to fishermen or companies.

Sockeye Salmon

A species of salmon found in the Pacific Ocean, known for its red flesh and high commercial value.

Market Price

The present cost at which a service or asset is available for purchase or sale on the market.

Environmental Quality

The condition or state of the environment based on various factors such as air and water purity, and the presence of pollutants or contaminants.