There are three components to dr. juran's process improvement strategy, known as the : planning, control, and improvement. these elements take financial processes such as budgeting (planning), expense measurement (control), and cost reduction (improvement) as their basis.

Wow, someone talking about Dr. Juran. In my career I was able to actually attend a conference of which he was the main attraction. Not sure if your statement requires an answer besides, true or false.
Hope you find some real good info below about him and his focus. It wasn't MONEY.

The Juran trilogy:

Juran was one of the first to write about the cost of poor quality. This was illustrated by his "Juran trilogy," an approach to cross-functional management, which is composed of three managerial processes: quality planning, quality control, and quality improvement. Without change, there will be a constant waste; during change there will be increased costs, but after the improvement, margins will be higher and the increased costs are recouped.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan