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.

Understand and apply the discount method to compute trade discounts and net prices.

Calculate complement rates and equivalent single discount rates.

Utilize the complement method for determining net prices.

Understand and apply rounding rules in financial calculations.

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Definitions:

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market stability.

Tax on Sellers

A tax on sellers is a levy imposed by the government on sellers of certain goods and services, which often leads to a shift in supply curve and price adjustments.

Increases Supply

A rise in the quantity of a good or service that producers are willing and able to sell at a given price, often due to reductions in production costs or improvements in technology.

Tax on Sellers

A financial charge imposed by the government on sellers, which can shift the supply curve upward and affect market equilibrium.