ISO 9002 Deals with the Requirements That an Organization Has

question 4

True/False

ISO 9002 deals with the requirements that an organization has to fulfill in order to meet the standards and provides a model for quality assurance in design,development,production,installation,and servicing for creation of new products,services,and systems.

---

Definitions:

Salvage Value

The conjectured remaining value of an asset at the close of its functional lifetime.

Discount Rate

This refers to the interest rate employed in DCF calculations to figure out the present value of upcoming cash flows.

Net Present Value

A financial measure that determines the net present value by subtracting the total outgoing cash flows from the incoming cash flows over a certain time period.

Telecommunications Equipment

Hardware used in the transmission, reception, and processing of data and communication signals.