The ISO/IEC 27000 Series Is Derived from an Earlier Standard

question 40

True/False

The ISO/IEC 27000 series is derived from an earlier standard, BS7799.

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Definitions:

Last Month

Refers to the period of time immediately preceding the current month.

Materials Price Variance

The difference between the actual cost of materials used in production and the standard or expected cost of those materials.

Kilograms

A metric unit of mass equivalent to one thousand grams, commonly used worldwide for measuring weight of objects.

Labor Efficiency Variance

The difference between the actual number of labor hours used in production and the standard hours expected for that level of production, multiplied by the standard hourly labor rate.