The Deming Cycle Is Designed to Catch Errors Before They

question 77

True/False

The Deming Cycle is designed to catch errors before they happen.

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Definitions:

Unused Capacity

The resources and capabilities that a company has available but is not currently utilizing to their full extent, often an opportunity for increased production.

Centralization

The consolidation of decision-making authority at the top levels of an organization.

Owner/Manager-Operated

A business model where the owner actively manages the day-to-day operations of the company.

Negotiated Price Approach

The negotiated price approach involves establishing the price of a product or service through direct negotiation between sellers and buyers, rather than using fixed prices or market rates.