Which of the Following Statements Is False

question 17

Multiple Choice

Which of the following statements is false?

• A)ISO is a strictly European standard
• B)ISO 9000 and ISO 14000 are two of the best known ISO standards
• C)ISO 14000 has been updated in December 2008 and is known as ISO 14000:2008
• D)Over 630,000 organizations in 152 countries have implemented ISO standards

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Definitions:

Equity

The value of an owner's interest in a property, calculated by subtracting liabilities from the value of the asset.

Liabilities

Debts or economic duties a business has to external parties, requiring repayment through the exchange of money, goods, or services over a period.

Assets

Resources owned by a company or individual that have economic value or potential to provide future benefits.

Net Loss

The amount by which total expenses exceed total revenues for a specific period, indicating a negative financial performance.