Which of the Following Awards Is Administered by the National

question 42

Multiple Choice

Which of the following awards is administered by the National Institute of Standards and Technology to encourage efforts to improve quality and to recognize the quality achievements of U.S.companies?

• A) The Edwards Deming award
• B) The Joseph Juran award
• C) The Malcolm Baldrige award
• D) The Fred Fiedler award
• E) The Philip Crosby award

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Definitions:

Unearned Revenues

Liabilities representing payments received for goods or services that have not yet been delivered or performed.

Deferred Revenues

Income received by a company for goods or services yet to be delivered or performed, recorded as a liability on the balance sheet until earned.

Future Wages

Compensation that an employee is expected to earn in upcoming periods for services to be rendered.

Liabilities

Financial obligations or debts that a company owes to others, which must be settled over time through the transfer of assets, provision of services, or other forms of economic benefit.