Identify a True Statement About International Organization for Standardization (ISO)9000

question 35

Multiple Choice

Identify a true statement about International Organization for Standardization (ISO) 9000.

• A) It states that generic management practices can never be standardized.
• B) Its standards do not apply to services such as health care,banking,and transportation.
• C) It is the first version of the ISO family of standards.
• D) Its standards apply to all types of businesses,including electronics and chemicals.

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Definitions:

Present Discounted Value

The value of a future amount of money in today's terms, calculated by applying a discount rate to account for time and risk.

Payments For Capital

Funds disbursed to acquire or maintain fixed assets, like equipment or buildings, or to compensate the providers of financial capital.

Interest

The charge for borrowing money, typically expressed as an annual percentage of the principal.

Credit

The trust which allows one party to provide resources to another party wherein the second party does not reimburse the first party immediately but promises to do so in the future.