The Malcolm Baldrige National Quality Award Is Given to Organizations

question 67

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

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Definitions:

Stockholders' Equity

The ownership interest of shareholders in the assets of a corporation after all debts have been paid.

Retained Earnings

Retained earnings are the portion of a company's profits that are kept or reinvested in the business instead of being distributed to shareholders as dividends.

Weighted-average Shares

A calculation used in accounting and finance to determine the average number of shares outstanding in a company, adjusted for stock splits and other changes.

Price-earnings Ratio

A financial metric comparing a company's market price per share to its earnings per share, indicating the value given by the market for each dollar of earnings.