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Deming stressed the need for work standards on the factory floor.
Allocation
The process of distributing resources or assigning tasks among people or projects based on a plan or a set of criteria.
Potential Beneficiary
An individual or entity that stands to receive a benefit or rights under a will, trust, or insurance policy, pending upon certain conditions or events.
Interest
The cost of borrowing money, usually expressed as a percentage of the amount borrowed, over a specific period of time.
Government
The system or group of people governing an organized community, often a state, including institutions and individuals that hold the authority to make laws and regulations.
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