PMBOK Defines the Major Quality Management Processes As: Conformance to Requirements

question 43

True/False

PMBOK defines the major quality management processes as: conformance to requirements, fitness for use, and having a high degree of excellence.

---

Definitions:

Inventory

Inventory encompasses the raw materials, work-in-progress goods, and the finished products that a company holds with the intention of selling them to earn revenue.

Multi-Column Purchases Journal

A specialized accounting journal that records the purchase transactions of a business in multiple columns for different types of purchases.

Accounts Payable Account

An accounting entry that represents a company's obligation to pay off a short-term debt to its creditors or suppliers.

Cash Account

An account that tracks the flow of cash transactions, including receipts and payments, impacting a business's overall cash balance.