Which of the Following Is One of the Criteria Determining

question 111

Multiple Choice

Which of the following is one of the criteria determining to whom the Malcolm Baldrige National Quality Award is given?

• A) Use of JIT.
• B) Extensive training for workers.
• C) Technological innovation.
• D) Customer and market focus.
• E) ISO 9001 certification.

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Definitions:

Excise Tax

A tax on specific goods or services, such as tobacco, alcohol, and gasoline, designed to raise revenue and/or discourage consumption of certain products.

Equilibrium

A state in which the conflicting forces of demand and supply are in balance. When a market is in equilibrium, the decisions of consumers and producers are brought into harmony with one another, and the quantity demanded will equal the quantity supplied.

Revenue

Aggregate income a company secures from its sales of products or rendering of services in a given period.

Excise Tax

A tax imposed on specific goods, services, or activities to raise revenue or discourage their use.