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:

Economic Growth

An increase in the amount of goods and services produced per head of the population over a period of time, indicating improvements in living standards and economic health.

International Competitiveness

The ability of a country to produce goods and services at a lower price and higher quality than its international competitors.

Economic Fluctuations

Variations in the growth rate of an economy over a period of time, characterized by cycles of expansion and contraction.

Regressive Income Tax

A tax system where the tax rate decreases as the taxable amount increases, placing a higher relative burden on lower-income earners.