Harmonization of Standards Refers to

question 49

Multiple Choice

Harmonization of standards refers to

• A)the elimination of tariffs and quotas by trading partners.
• B)common product safety, environment, labor, and fair competition standards agreed upon by trading partners.
• C)the acceptance or keeping of a trading partner's standards as valid and sufficient by another trading partner.
• D)separate standards held by different trading partners which other partners refuse to recognize.

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Definitions:

CRM

Stands for Customer Relationship Management, a strategy for managing an organization's relationships and interactions with customers and potential customers.

OLTP

stands for Online Transaction Processing, a class of software programs capable of supporting transaction-oriented applications on the internet.

Batch Processing

A processing method where data or transactions are accumulated over a period and processed as a single group.

OLAP

Online Analytical Processing, a category of software tools that provides analysis of data stored in a database, enabling complex calculations, trend analysis, and data modeling.