Deming's Flow Diagram for Improving Product Quality Focuses on Aspects

question 72

True/False

Deming's flow diagram for improving product quality focuses on aspects such as suppliers,materials,and customers rather than the test processes and methods used.

---

Definitions:

Loanable Funds

The money available for borrowing in the financial markets, determined by the savings behavior of individuals and institutions and the central bank's monetary policy.

Investment Spending

Investment spending refers to expenditures made by businesses or individuals on capital goods intended to be used for future production.

Present Value

The contemporary value of a future financial amount or series of cash movements, given a pre-specified rate of return.

Interest Rate

The percentage at which interest is charged or paid for the use of money, often expressed annually.