ISO Certification ______

question 31

Multiple Choice

ISO certification ______.

• A)is a one-time activity; that is,if the firm does not get certified,it cannot reapply.
• B)may take many assessments while the firm identifies its problems,improves,and reapplies for submission
• C)is welcomed by a company's employees but not its management
• D)is welcomed by a company's management but not its employees

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Definitions:

Debit

An entry recorded on the left side of an account ledger, representing an increase in assets or expenses or a decrease in liabilities, equity, or revenue.

Credit

An accounting entry that increases a liability or equity account or decreases an asset or expense account.

Balance Sheet Accounts

Accounts that reflect the assets, liabilities, and shareholders' equity of a company at a particular point in time.

Real Accounts

Accounts related to assets, liabilities, and equity that are not closed at the end of the accounting period, as opposed to nominal accounts.