This Certification Is Becoming a Necessary Prerequisite to Doing Business

question 70

Multiple Choice

This certification is becoming a necessary prerequisite to doing business in the EU and also is increasingly used as a screening criterion for bidding on contracts or getting business in the United States and other parts of the world.

• A)ISO 10006
• B)ISO 9000
• C)ISO 14000
• D)ISO 19011

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Definitions:

Depreciation Expense

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the consumption or wear and tear of the asset.

Financial Statement

A formal record of the financial activities and position of a business, person, or other entity, often assessed for financial health and performance.

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its identifiable net assets.

Intangible Assets

Non-physical assets that have value due to their intellectual or contractual rights, such as patents, trademarks, copyrights, and goodwill.