Earn an Accolade (badge) when you complete an assignment
Assignments can have associated accolades. These accolades (or badges) can be generic (offered on completion of an assignment) or outcome based (offered on achieving a certain mark/set of responses on that particular assignment).
As a result.... you may be able to earn a number of accolades when submitting just one assignment.
Beyond the outcome and being recognised for your efforts
You can also earn accolades directly from those in a teaching or instructor position. They can be added to your profile directly to recognise a new skill, achievement or behavioral change.