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:

Rework Costs

Costs incurred to correct defective product or service before it is delivered to the customer.

Shopfloor Personnel Qualification

The level of training and skills that employees working directly in production or the manufacturing area possess.

Non-financial Measures

Performance indicators that are not monetary in nature, such as customer satisfaction, employee turnover, or quality of service.

Essential Limitations

Essential limitations refer to the inherent restrictions or constraints that affect the scope, effectiveness, or functioning of an object, system, or process.