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"Instead of Inspecting for Defects, Improve the Processes

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"Instead of inspecting for defects, improve the processes.End the practice of awarding contracts on price tag alone.Seek the best quality and work to achieve it with a single supplier.Lower-level managers must believe that they can, without fear, ask questions.Eliminate slogans, exhortations, numerical goals, and targets for the work force.Eliminate work standards and quotas." These ideas are most closely associated with


Definitions:

Fed

Short for the Federal Reserve, it is the central banking system of the United States, responsible for monetary policy.

Vague Recommendations

Suggestions or advice provided without specific details, making them unclear or ambiguous in nature.

Goals

Targets or desired outcomes that an individual or organization aims to achieve through planned actions.

Monetary Policy Rule

Guidelines used by central banks to manage the economy by controlling the money supply and interest rates.

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