The Malcolm Baldrige National Quality Award Is Given to Organizations

question 60

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.

---

Definitions:

Share Options

Rights granted by a company to its employees or executives that allow them to buy shares of the company at a specified price for a specified period.

Performance Hurdle

A benchmark or specific target set that must be achieved before certain rewards, such as bonuses or stock options, are granted.

Repriced Option

An option whose terms, specifically the strike price, have been adjusted, typically to make the options more favorable for the holder following declines in the market price of the underlying asset.