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goldfiish [28.3K]
3 years ago
7

One of Justin's largest international customers is Alpine Airwaves in Switzerland. He got a call from his contact at Alpine Airw

aves, Edvard. Edvard quickly tells Justin, "This is a heads-up! Top management is asking operations to review our vendors for ISO 14001 compliance." Justin's company should prepare to demonstrate
Business
1 answer:
Evgen [1.6K]3 years ago
3 0

Answer:

Justin's company should prepare to demonstrate that it is ISO 14001 compliant.

This means that it is following the environmental management standards for environmental footprint and waste reduction, while promoting environmental sustainability in its operations.

Explanation:

ISO 14001 is one of the environmental management standards, prescribed by the International Organization for Standardization (ISO), "to help reduce environmental impacts, reduce waste, and make the environment more sustainable," according to the ISO website.  ISO 14001 specifies requirements for an effective environmental management system (EMS) by providing a follow-able framework.

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Compensating balances
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It is that balance which is not available for the company to use and might be needed to disclose in the notes of the borrower in the financial statements.

So, it is a specific kind of collateral, allow bank to monitor payment practice of firms and require to have a minimum amount that borrower need to keep in the checking account.

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2 years ago
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