ISO Standards Are Intent on Minimizing the Need for On-Site

question 65

Multiple Choice

ISO standards are intent on minimizing the need for on-site visits by vendors to ensure their suppliers are producing

• A) Low cost products
• B) Products that make a profit
• C) Quality products
• D) Large quantities of products

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Definitions:

Fraudulent Misrepresentation

The act of intentionally making false statements to induce another party to enter into a contract, resulting in harm or damage.

Intentional Misrepresentation

Deliberate false statement by one party aimed at getting another party to enter into an agreement.

Mutual Mistake

An error made by both parties in a contract that can render the agreement void.

Negligent Misrepresentation

A false statement of material fact made by a person who thinks it is true but who would have known the truth about the fact had he or she used reasonable care to discover or reveal it.