Which of the Following Economic Benefits Result from the Use

question 1

Multiple Choice

Which of the following economic benefits result from the use of standards?

• A) Compatibility
• B) Reduction in confusion
• C) Reduction in production costs
• D) Reduction of risk in supplying complementary products
• E) All of these

Comprehend the hierarchy of laws in the United States and the supremacy of the U.S. Constitution.

Identify the parties in a legal action and their roles.

Understand the concept of jurisdiction and its significance.

Recognize the role of the Uniform Commercial Code in governing commercial transactions.

---

Definitions:

Behavior

The actions or reactions of an individual in response to external or internal stimuli.

Actor-observer Effect

A social psychology concept suggesting that people tend to attribute their own actions to external situations while attributing others' actions to their personalities.

Situational Causes

Refer to the external factors or circumstances that can lead to certain behaviors or outcomes.

Dispositional Causes

Factors related to an individual's personality traits or characteristics that influence behavior.