Since Quality Relates to Goods or Services, Only For-Profit Organizations

question 72

True/False

Since quality relates to goods or services, only for-profit organizations can benefit from adopting performance excellence procedures.

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Definitions:

Executive Branch

The branch of government responsible for implementing and enforcing the laws passed by the legislative body, typically headed by the president or prime minister.

SEC

The U.S. Securities and Exchange Commission, responsible for regulating the stock market and protecting investors by ensuring fairness and transparency.

Fraud-on-the-market Theory

A judicial presumption that the price of a company's stock reflects all publicly known information, including fraudulent statements, affecting investors' decisions.

Rule 10b-5

A regulation under the U.S. Securities Exchange Act of 1934, designed to prevent fraud in the securities market.