____ Is a Way for a Supplier to Document Its

question 75

Multiple Choice

____ is a way for a supplier to document its quality procedures according to internationally recognized standards.

• A) ISO 2000
• B) ISO 9000
• C) QSO 3000
• D) ISO 8000
• E) QSO 3001

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Definitions:

Big Bath Items

Large and often one-time charges taken by a company to write off or write down the value of assets, or to provide for expected future liabilities, sometimes used to manage earnings.

Restructuring

A process of reorganizing a company's structure, operations, or finances with the goal of increasing efficiency or to prepare the business for a sale, merger, or change in strategy.

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and practices formally established to bring consistency to financial reporting.

Future Costs

Costs that are expected to be incurred in future periods as opposed to those already incurred or realized.