The Malcolm Baldrige Award Selection Process Helps Improve Quality and Productivity

question 44

Multiple Choice

The Malcolm Baldrige award selection process helps improve quality and productivity by which of the following means?

• A)Stimulating foreign based suppliers of American companies to improve quality
• B)Reporting quality levels among American firms
• C)Identifying American firms with the most difficult quality problems
• D)Providing feedback to applicants by the examiners
• E)Helping Baldrige award winners increase their sales

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Definitions:

Slope

The measure of the steepness or/incline of a line, representing the ratio of the vertical change to the horizontal change between two points on the line.

Average Revenue

The revenue generated per unit of output sold, calculated by dividing total revenue by the number of units sold.

Marginal Revenue

The extra revenue generated from the sale of an additional unit of a product or service.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.