A Disadvantage of Standardization Is the Possibility of Standardizing Designs

question 73

True/False

A disadvantage of standardization is the possibility of standardizing designs too early, which may make them difficult to modify in the future.

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Definitions:

Simple Interest

Simple interest is a method of calculating interest where the interest charge is based solely on the principal amount, not on previously earned interest.

Discounted

The process of determining the present value of a future amount by applying a discount rate.

Simple Interest

Simple interest is a way of calculating interest where the amount earned or paid is based on the original principal and does not compound.

Face Value

The nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate.