Though Focus on Quality Is Considered a Modern Management Issue,the

question 17

True/False

Though focus on quality is considered a modern management issue,the Deming Application Prize actually originated in 1951.

---

Definitions:

Estimating Value

The process of determining an item's worth or the fair market value of assets, often used in finance and real estate.

Inventory

The total amount of goods and materials held by a business for the purpose of resale, manufacturing, or repair.