Which of the Following Are Categories Judged for the Baldrige $\begin{array}{ll}\text { Busuness } &\text {Use of SPC and } &\text {Customer } \\\end{array}$

question 14

Multiple Choice

Which of the following are categories judged for the Baldrige Award?
                                    $\begin{array}{ll}\text { Busuness } &\text {Use of SPC and } &\text {Customer } \\\end{array}$
       $\begin{array}{ll}\underline{\text { Benchmarking }} &\underline{\text {results} }&\underline{\text { Pareto analysis }}&\underline{\text {focus }}&\underline{\text {Leadership}} \\\end{array}$

• A)no yes no yes yes
• B)yes yes yes yes yes
• C)yes yes no yes no
• D)no no no no no

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Definitions:

FMV

Fair Market Value, the price at which property would change hands between a willing buyer and a willing seller, neither being under compulsion to buy or sell.

Distribution

The payment of dividends or assets to shareholders or partners from a corporation, partnership, or another type of entity.

Partnership

A type of business structure where two or more people share ownership, as well as the responsibility for managing the business and the income or losses it generates.

Ordinary Income

Income earned through salaries, wages, commissions, and interest, subject to standard tax rates.