Examlex
For mergers occurring after 2001, goodwill is valued and placed on the balance sheet as an asset and impairment is the only way to devalue it.
Lower Control Limit
A statistic used in process control that represents the lowest acceptable boundary for process variation.
ISO 9001:2015
An international standard that specifies requirements for a quality management system (QMS).
Quality System
A structured framework for managing and improving all aspects of an organization's operations, ensuring consistency, efficiency, and satisfaction.
Customer Expectations
The set of assumptions, desires, and needs that a customer has regarding a product or service.
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