9000 Refers to the

question 41

Multiple Choice

9000 refers to the

• A) standards for the registration and certification of a manufacturer's quality management and assurance system developed by the U.S. Department of Commerce.
• B) International Safety Organization responsible for establishing international guidelines for products designed for and targeted at children.
• C) worldwide standards for environmental quality and green marketing practices developed by the International Standards Organization.
• D) standards for registration and certification of a manufacturer's quality management and assurance system based on an on-site audit of practices and procedures developed by the International Standards Organization.
• E) 9,000 major product and industry classifications used in the WTO Product Classification System.

---

Definitions:

Inventory

The total amount of goods and materials held by a business for the purpose of resale, production, or utilization.

Net Income

The company's earnings remaining after deducting all expenses and taxes from its revenue.

Beginning Equity

The value of an owner's interest in a company at the start of an accounting period.

Ending Equity

The value of an owner’s interest in a company at the end of an accounting period, determined by subtracting liabilities from assets.