ISO 14000

question 34

Multiple Choice

ISO 14000:

• A) Provides a set of quality standards that relate to environmental management.
• B) Is required under current International Financial Reporting Standards (IFRS).
• C) Is a requirement for receipt of the Baldrige Quality Award in the U.S.
• D) Provides general standards for quality assurance by companies and organizations.
• E) Deals with quality-control principles applied specifically to government and not-for-profit organizations.

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Definitions:

Year-End Adjustments

Year-end adjustments are accounting entries made at the end of an accounting period to update accounts for accurate financial reporting.

Convertible to Cash

Assets that can be quickly and easily transformed into cash without losing significant value.

Short-Term

Referring to a timeframe typically less than a year, used in context with liabilities, investments, and planning to indicate immediate or near-future considerations.

Cash Dividends

Shareholder payouts from a corporation, usually sourced from the company's profits.