Which of the Following Statements About ISO 9000 Is NOT

question 175

Multiple Choice

Which of the following statements about ISO 9000 is NOT TRUE?

• A) ISO 9000 is a way for a supplier to document its quality procedures according to internationally recognized standards.
• B) ISO 9000 reassures a customer that the supplier has effective quality checks in place after it conducts a personal quality audit.
• C) Some customers will not buy from a supplier who does not have ISO 9000 certification.
• D) One requirement for ISO 9000 certification is that a company must show outside auditors who is responsible for quality every step of the way.
• E) ISO 9000 helps organizational customers who are considering a new supplier.

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Definitions:

Recording Method

A system or standard procedure for capturing financial transactions and events in an organization's accounting records.

Unrecorded Liability

A liability that has not been accounted for or documented in the financial statements.

Revaluation

The process of adjusting the book value of a fixed asset or security to reflect its current market value.