In the Context of Industrial Growth, Which of the Following

question 89

Multiple Choice

In the context of industrial growth, which of the following statements is true of standards?

• A) Standards emerge exclusively from bottom-up through competition in the marketplace.
• B) As the size of a market expands, a standard signals the market's agreement on a common set of engineering features and design choices.
• C) Standards are exclusively imposed top-down by government or other standard-setting agencies such as the Institute of Electrical and Electronics Engineers.
• D) After a standard is established in an industry, the basis of competition tends to move away from process innovations toward product innovations.

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Definitions:

Cash Flows

The total amount of money being transferred into and out of a business, project, or financial product, often analyzed to assess the entity's liquidity, solvency, and financial viability.

Dissolved

The process of formally ending the existence of a business, partnership, or corporation.

Interest Rate

The percentage of an amount of money charged for its use per a certain period.

Perpetuity

A type of annuity that generates an infinite series of payments into the future, without an end date.