Standards are very important part of industry benchmarks


Standards are very important part of industry benchmarks, regulations, and quality systems.  Explain the following in details:

  • The purpose and need of standards.  Give at least three example
  • List at least three sets of US and International standards and give at least five example of each
  • ISO 31000 is the standard for risk management.  Explain risk management and the purpose of it and elaborate on the ISO 31000 standard

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Macroeconomics: Standards are very important part of industry benchmarks
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