Which of the Following Statements Is True of Universal Standards

question 12

Multiple Choice

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

• A) The idea of universal standards is being 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 imperial system as a universal standard.
• D) All governments mandate universal standards.
• E) The lack of universal standards limits the expansion of industries.

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Definitions:

Federalist Party

A first American political party in the late 18th and early 19th centuries that favored a strong central government, commercial economy, and close ties with Great Britain.

Public Opinion

The aggregate of individual attitudes or beliefs held by the adult population.

War of 1812

A conflict fought between the United States and the British Empire, along with its indigenous allies, from 1812 to 1815, often cited for its impact on U.S. nationalism and expansion.

Old Northwest

A historical term for the territorial region of the United States northwest of the Ohio River, encompassing states like Ohio, Indiana, Illinois, Michigan, Wisconsin, and parts of Minnesota.