The Deming Prize for Quality Originated in Japan

question 2

True/False

The Deming Prize for quality originated in Japan.

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Definitions:

Price of Money

Often refers to the interest rate, which is the cost charged by lenders for borrowing money or the rate of return expected by investors for lending money.

Time Preference

The economic principle that people prefer to receive goods or services sooner rather than later, reflecting the relative valuation placed on immediate versus future consumption.

Loanable Funds

The money available for borrowing in the financial markets, derived from savings and supplied to borrowers at an interest.

SEC

The Securities and Exchange Commission, a U.S. federal agency responsible for regulating the securities industry, ensuring market integrity, and protecting investors.