ISO 9001:2015 Provides a Tested Framework for a Systematic Approach

question 24

Multiple Choice

ISO 9001:2015 provides a tested framework for a systematic approach to consistently delivering product that satisfies customers' expectations by:

• A)dictating how quality requirements should be met in every organization.
• B)dictating scope and flexibility for quality system implementation.
• C)assuming all national cultures will meet quality requirements the same way.
• D)assuming all business sectors will meet quality requirements the same way.
• E)providing a set of standardized requirements a quality system must meet.

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Definitions:

Stock Repurchase

A program by which a company buys back its own shares from the marketplace, reducing the number of outstanding shares.

Continuing Shareholders

Continuing shareholders are individuals or entities that retain their shares in a company through various corporate actions or transactions, maintaining their stake in the company.

Sold

The act of transferring ownership of an asset or security from a seller to a buyer in exchange for money or equivalent.

Retained Earnings

Profits kept by a corporation for reinvestment in its operations, rather than being distributed to shareholders as dividends.