Which of the Following Is NOT True of a HACCP

question 31

Multiple Choice

Which of the following is NOT true of a HACCP system?

• A)Designing and implementing the system is the responsibility of the food processor.
• B)HACCP is a system that focuses on preventing problems.
• C)Having periodic inspections is the basis of an effective HACCP plan.
• D)An effective HACCP plan requires extensive record-keeping.

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Definitions:

Credit Risk

The risk of loss due to a borrower's inability to make payments on any type of debt.

Clearing Corporation

An entity that facilitates the settlement of transactions in the financial markets by ensuring the transfer of funds and securities.

Net Position

The difference between the total number of long and short positions that a trader or institution holds in a particular security, currency, or commodity.

Open Interest

The total number of outstanding derivative contracts, such as futures or options, that have not been settled.