To Become ISO 9000 Certified, Organizations Must

question 23

Multiple Choice

To become ISO 9000 certified, organizations must

• A) document quality procedures.
• B) have an onsite assessment.
• C) have an ongoing series of audits of their products or service.
• D) do all of the above.
• E) do none of the above.

---

Definitions:

Book Value

The net value of a company's assets minus its liabilities, essentially representing the total value of the company's assets that shareholders would theoretically receive if the company were liquidated.

Equity Method

An accounting technique used to record investments in other companies, where the investment gives the investor significant influence over the investee.

Fair Value

Fair value refers to the estimated market value of an asset or liability, reflecting the price at which it could be exchanged between knowledgeable, willing parties in an arm's length transaction.

Equity Method

A financial accounting approach for assessing investments in which an investor has significant influence over an associate, reflecting share in profits or losses.