Identify Three Quality Awards That Have Been Implemented by Nations

question 44

Essay

Identify three quality awards that have been implemented by nations or coalitions outside the United States.Explain their relationship to the Baldrige Award.

Recognize the significance of options in capital budgeting including expansion, abandonment, and timing options.

Distinguish between different types of analysis including scenario, sensitivity, and simulation analyses in evaluating project variables.

Understand the concept of the cost of capital and its impact on investment returns and valuation.

Identify the components of capital and their respective costs.

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Definitions:

Developing People

Fostering growth and improvement in individuals within an organization through training, mentoring, and providing opportunities for professional development.

Technical Skill

Specific knowledge or expertise required to perform a particular task or job, usually involving methods, processes, or procedures.

Conceptual Skill

The capability to understand complex situations and develop creative solutions by thinking abstractly and seeing the "big picture."

Proficient

Having or showing a high degree of skill or competence in a particular activity or field.