The Set of Standards That Certify That a Business Is

question 70

Multiple Choice

The set of standards that certify that a business is using processes and principles in order to assure the production of quality products is known as which of the following?

• A) ISO 6000
• B) ISO 9000
• C) GATT 3000
• D) GATT 9000

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Definitions:

Dividends

A company's profit-sharing with its investors, generally executed through financial payments.

Net Income

The net income of a company once all costs, taxes, and losses have been deducted.

Partial Equity Method

An accounting technique used when a company has significant influence over another company but does not control it outright, recognizing income to the extent dividends are received.

Net Income

The total earnings of a company after subtracting all expenses and taxes from total revenue.