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An Important Technique Used to Develop ISO 9001-Compliant Quality Systems

question 31

Multiple Choice

An important technique used to develop ISO 9001-compliant quality systems by both evaluating reliability and determining the effects of system and equipment failures is which of the following?


Definitions:

Incremental Pre-tax Profits

Additional earnings before taxes that result from specific actions or decisions, used in investment appraisal.

Variable Costs

Variable costs are expenses that change in proportion to the activity of a business, such as sales volume or production levels.

Credit Terms

The conditions, including payment deadlines and interest rates, under which credit is extended to a borrower.

Aging Schedules

Timetables in accounting that categorize a company's accounts receivable according to the length of time an invoice has been outstanding.

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