Final answer:
The Deming Prize focuses on statistical quality control, is awarded to Japanese companies, and is narrower in scope than the Baldrige Award.
Step-by-step explanation:
The correct statements about the Deming Prize are:
- It focuses on statistical quality control. The Deming Prize emphasizes the importance of statistical methods in managing and improving quality.
- It is awarded to Japanese companies. The Deming Prize was established in Japan and is primarily awarded to Japanese organizations.
- It is much narrower in scope than the Baldrige Award. The Baldrige Award recognizes excellence in overall organizational performance, while the Deming Prize focuses specifically on quality management.
- It is not named after a German quality guru. The Deming Prize is named after W. Edwards Deming, an American quality management expert.