Validation involves researching and applying certain criteria to weed out the best options from the worst.
Background checks for verification include examining an individual, company, or other organization before deciding whether to proceed with a joint project.
The screening process may begin with fact-checking to ensure, for example, that the resume accurately describes all of the skills and experience claimed by the job candidate on their resume.
Market participants use a due diligence process to screen potential investments.
Evaluation costs are the fees a company pays for discovering defects in its products before they are delivered to customers; they are a form of quality control.
The articles of association can be seen as a user manual for the company, defining its purpose and outlining the methodology for carrying out the necessary day-to-day tasks.
When a company or government agency buys or leases existing manufacturing facilities to launch new manufacturing activities, this is called an investment in existing facilities.
The Code of Ethics sets out the ethical principles of the organization and the best practices to be followed with respect to honesty, integrity and professionalism.