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:

Low Wages

Compensation amounts paid to workers that are significantly below the average for their sector or region.

CEOs Paid

Refers to the compensation, including salary, bonuses, and stock options, received by chief executive officers of corporations.

Average Employee

A hypothetical or statistical worker representative of the typical skill level, salary, and experience within a company or industry.

Economic Planning

The process by which government officials allocate resources and organize economic activities with the goal of achieving specific economic outcomes.