What does EFQM stand for?

The correct answer is based on the established organization that works to promote excellence in organizations through the EFQM Excellence Model, which provides a framework for member organizations to assess and improve their performance. The acronym EFQM stands for European Foundation for Quality Management. This foundation was created in 1988 and is known for fostering principles of organizational excellence and quality improvement across various sectors in Europe.

The other options do not accurately reflect the title of the foundation or its role. While “European Framework” may seem close in meaning, it does not capture the correct entity. Similarly, terms like “Fund” or “Federation” inaccurately describe the nature of the organization and its mission. The emphasis on “Foundation” is crucial, as it signifies the establishment and support of quality management practices, which is central to the EFQM's purpose.