Which of the Following Is True of ISO 9000

question 9

Multiple Choice

Which of the following is true of ISO 9000?

• A) It is a quality management system comprising different process improvement such as six sigma and lean manufacturing.
• B) It is mandatory for all listed companies in US to get ISO certified.
• C) It helps companies monitor, document, and certify the elements of their production processes that lead to quality.
• D) It is a disciplined, data-driven, and statistical approach to improve the quality of products or services by identifying and removing the causes of defects.

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Definitions:

Dealer

An individual or firm in the financial services industry who buys and sells securities for their own account, whether through a broker or otherwise.

Buy and Sell

The basic actions in trading and investing where "buy" refers to acquiring an asset, and "sell" indicates disposing of an asset.

Bid-Asked Spread

The difference between the highest price a buyer is willing to pay for an asset and the lowest price a seller is willing to accept.

Broker's Commissions

Fees charged by a broker for executing transactions or providing specialized services.