Which of the Following Is True of ISO 9000

question 9

Multiple Choice

Which of the following is true of ISO 9000?

• A) It is a quality management system comprising different process improvement such as six sigma and lean manufacturing.
• B) It is mandatory for all listed companies in US to get ISO certified.
• C) It helps companies monitor, document, and certify the elements of their production processes that lead to quality.
• D) It is a disciplined, data-driven, and statistical approach to improve the quality of products or services by identifying and removing the causes of defects.

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Definitions:

Retirement

The process of leaving one's job and ceasing to work, typically upon reaching a certain age or due to health reasons, often supported by savings, pensions, and Social Security benefits.

Compounded Annually

Interest on an investment or loan that is calculated once a year on both the initial principal and the accumulated interest from previous periods.

Future Value

The value of an investment or cash flow at a specific future date, considering compounding interest or returns.

Invested

The act of allocating resources, often money, into something to earn a financial return or achieve another economic benefit.