To Receive ISO 14001 Certification, a Firm Must

question 7

Multiple Choice

To receive ISO 14001 certification, a firm must:

• A) meet the specific environmental performance goals established by ISO 14000 standards.
• B) demonstrate the ability to identify and control the environmental impact of its activities.
• C) demonstrate the ability to satisfy customer preferences and to implement procedures for continuous quality improvement.
• D) establish a detailed documentation procedure and maintain records as proof of conformity to that procedure.

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Definitions:

Equity-Financed

refers to the funding of business operations, investments, or assets through the issue of equity—such as stock—rather than taking on debt.

Firm A's Stock

Refers to the equity shares issued by a specific company, known here as Firm A, representing ownership interest.

Synergistic Benefits

The enhanced results or advantages that occur when two or more entities or factors work together, surpassing their individual capabilities.

Incremental Value

The additional value created or achieved as a direct result of a specific action, decision, or investment.