Which of the Following Statements Is NOT True of Standardization

question 66

Multiple Choice

Which of the following statements is NOT true of standardization?

• A)Standardization is used as the basis for custom-made machinery.
• B)The availability of standardized parts makes possible the replacement of defective and worn-out components.
• C)Standardized parts can reduce the cost of repairs.
• D)Standardized parts can be produced in quantity and assembled later.

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Definitions:

Sales Tax

A tax levied on the cost (at retail) of a broad group of products.

Basic Source

Refers to the primary or fundamental origins of information or data used in research and analysis.

Property Tax

A tax on the value of property (capital, land, stocks and bonds, and other assets) owned by firms and households.

Transfer Payments

Transfer payments are financial distributions that do not directly correspond to the receipt of goods or services, such as welfare benefits or government subsidies.