An Advantage of Microsoft Windows Is Its Compatibility with the Widest

question 89

Multiple Choice

An advantage of Microsoft Windows is its compatibility with the widest range of hardware and software.The dominance of Windows is self-reinforcing: hardware and software manufacturers ensure that their products are compatible with Windows in order to have access to the large number of Windows users.Which principle best describes this scenario?

• A)endowment effects
• B)endorsement effects
• C)economies of scale
• D)network externalities

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Definitions:

External Users

Individuals or entities outside a company who use financial information to make decisions about the company, such as investors, creditors, and regulatory bodies.

Conceptual Framework

A structure of principles and guidelines that supports the creation of accounting standards and helps in the preparation of financial reporting.

Financial Reporting

Crafting statements that unveil a business's financial health to those managing it, its investors, and regulatory bodies.

GAAP

Generally Accepted Accounting Principles, the standard framework of guidelines for financial accounting in the United States.