In Terms of Setting Goals and Objectives, What Is Considered

question 34

Multiple Choice

In terms of setting goals and objectives, what is considered to be one of the major benefits gained from applying for the Malcolm Baldrige National Quality Award?

• A) It promotes the development of discontinuous objectives.
• B) It helps the firm to set objectives that are difficult for competitors to copy.
• C) It helps the firm to focus solely on customer requirements.
• D) It promotes the development of goals that are consistent with the firm's mission.
• E) It allows the firm the freedom to pursue other strategic initiatives.

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Definitions:

360-Day Year

A financial convention assuming a year has 360 days, often used in interest calculations.

Intermediate Calculations

The computations performed as steps towards the final calculation or analysis of data, often part of a larger mathematical, financial, or statistical process.

10-Month Note

A debt instrument or promissory note that becomes due for payment 10 months after it is issued.

Notes Receivable

Financial assets representing the right to receive payments of principal and interest from borrowers under the terms of a written note.