Which of the Following Statements Is True of Universal Standards

question 4

Multiple Choice

Which of the following statements is true of universal standards in the sale of international products?

• A) The idea of universal standards has been resisted in developing countries.
• B) Firms that adhere to universal standards find the costs to be greater than the benefits.
• C) The international market for industrial goods uses the metric system as a universal standard.
• D) Most governments mandate universal standards.
• E) The lack of universal standards limits the expansion of an industry.

Recognize the role and impact of immigrant organizations in aiding the adaptation of newcomers to American society.

Analyze the relationship between religious congregations, race, ethnicity, and the neighborhoods they are located in.

Examine the evolution of labor unions with respect to racial integration and their contribution to challenging societal stereotypes.

Identify manifestations and implications of ethnic chauvinism among racial and ethnic leaders.

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Definitions:

Retention Ratio

The segment of net earnings kept by a corporation instead of being paid out to its shareholders in the form of dividends.

Net Income

It represents the total earnings of a company after subtracting all expenses, taxes, and losses from the total revenue.

Cash Dividends

Payments made by a company out of its earnings to its shareholders, typically in the form of cash, representing a portion of the company's profits.

Retention Ratio

The percentage of net income that is retained in the business rather than paid out as dividends; synonymous with Plowback Ratio.