ISO 9000 Can Be Thought of as a Management System

question 17

True/False

ISO 9000 can be thought of as a management system which seeks to assimilate the concept of quality improvement across the entire organization.

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Definitions:

Gain Sharing

A performance-based compensation strategy that rewards employees for contributing to their company's success through increased efficiency or profitability.

Historical Benchmark

A reference point derived from historical data against which current performance or achievements can be measured or compared.

Gain-Sharing Plan

A performance-driven compensation strategy where employees receive bonuses based on the company's savings or gains from improved productivity.

Labour Usage Ratios

Measures that compare the amount of labor used to the outputs achieved, helping businesses assess efficiency.