With Reference to High-Technology Industries, Which of the Following Statements

question 24

Multiple Choice

With reference to high-technology industries, which of the following statements is true about technical standards?

• A) They emerge because there are economic benefits associated with them.
• B) They cause compatibility problems between products and their complements.
• C) They can create a lot of confusion in the minds of consumers.
• D) They often result in higher production costs.
• E) They increase the risks associated with supplying complementary products.

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Definitions:

Recent Phenomenon

An event, trend, or development that has emerged or become prominent in the near past.

Distributive Justice

The perceived fairness of the allocation of resources and rewards among individuals or groups within a society or an organization.

Special Needs

Refers to individuals who require additional or specialized services due to physical, mental, emotional, or learning disabilities.

Equipment

Items used for a specific purpose, often related to machinery or tools.