Standardization Becomes Complex on a Global Scale Because

question 46

Multiple Choice

Standardization becomes complex on a global scale because:

• A)different countries have different standards for quality.
• B)customer needs are same across the globe.
• C)standardization slows down production.
• D)standardization does not support mass manufacturing.
• E)standardization increases production costs.

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Definitions:

Fixed Expense

Costs or expenses that remain constant for a period of time regardless of changes in business activity levels, such as rent or salaries.

Net Assets

The total value of an organization's assets minus its total liabilities, representing the organization's financial health.

Physical Assets

Tangible resources owned by an individual or organization, including equipment, buildings, and land.

Contributed Income

Financial support received by an organization from donations, grants, or philanthropic gifts, as opposed to revenue generated from sales or services.