ISO Certification Differs Substantially from the Baldrige Award in That

question 77

Multiple Choice

ISO certification differs substantially from the Baldrige Award in that it

• A)focuses primarily on quality teams.
• B)emphasizes self-appraisal.
• C)is an ongoing process.
• D)is customer-driven.
• E)is national rather than international.

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Definitions:

Transfer Price

The price charged between related entities within the same corporation for goods and services exchanged.

Outside Supplier

A third-party entity that provides goods or services to a company, which are not produced in-house.

Contribution Margin

The amount by which sales revenue exceeds variable costs of production, indicating how much revenue contributes to fixed costs and profits.

Motor Division

A specialized department or subsidiary within a company focused on the development and manufacturing of engines or motor vehicles.