A Firm That Is Certified as Meeting Both ISO 9000

question 273

Multiple Choice

A firm that is certified as meeting both ISO 9000 and ISO 14000 standards has demonstrated:

• A) world-class management of both quality and environmental standards.
• B) sound financial and marketing practices.
• C) ethical treatment of both customers and employees.
• D) that its recruitment and training programs for employees protect and promote basic human rights.

Interpret production possibilities tables and curves.

Grasp the distinction between normative and positive economics.

Comprehend the concept of utility and how it guides consumer choice.

Recognize the principles of marginal analysis in decision making.

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Definitions:

Executives

Senior-level employees responsible for making strategic decisions in an organization.

Cool-Hunting

The practice of tracking and predicting new trends and innovations in various industries, often within popular culture, technology, and fashion.

Judgment-Based Forecasting

A forecasting method that relies on intuitive judgments, opinions, and subjective probability estimates rather than mathematical models.

Contemporary Culture

The modern set of ideas, values, trends, and technologies shaping society's current attitudes and behaviors.