Which of the following statements is true?
A. ISO is Greek for "unacceptable."
B. ISO 9000 sets guidelines for quality management procedures.
C. ISO 9000 is accepted more in Japan than in the United States or Europe.
D. ISO 14000 is a system used to notify customers who have purchased unsafe products from manufacturers in foreign nations.
E. Although ISO 9000 was popular in the early 1990s, it has been replaced with ISO 20000.
Answer: B
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Indicate whether the statement is true or false
Which of the following statements concerning net income is MOST correct?
A) Net income represents income that may be reinvested in the firm or distributed to its owners. B) Net income represents sales minus operating expenses at a specific point in time. C) Negative net income reduces a company's cash balance. D) Net income represents cash available to pay dividends.
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