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Companies That Are Unable to Commit the Necessary Resources to Assess

question 68

True/False

Companies that are unable to commit the necessary resources to assess or certify supplier quality on their own will never accept ISO 9000:2008 registration as proxy evidence of a supplier's quality management capability.


Definitions:

Effective Rate

The actual interest rate an investor receives or pays on a loan or investment, taking into account the compounding of interest.

Callable Bond

A type of bond that can be redeemed by the issuer before its maturity date at a predetermined call price.

Serial Bond

A bond issue that matures in installments over a period rather than having a single maturity date.

Contract Rate

The agreed-upon rate or price specified in a contract for the provision of goods or services.

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