Which of the Following Is Not True About De Facto

question 13

Multiple Choice

Which of the following is not true about de facto standards?

• A)They never evolve into de jure standards.
• B)They are those standards that emerge in the marketplace.
• C)They tend not to be developed by an official industry or government body.
• D)They are generally supported by more than one vendor but de facto standards have no official standing.
• E)They tend to emerge based upon the needs/response of the marketplace.

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Definitions:

Target Cost

The market-driven price that a product must meet or go below, after subtracting the desired profit margin, to remain competitive.

Competitor's Product

A product or service offered by a business rival in the same market, directly competing with one's own product or service offering.

Useful Life

The estimated duration a fixed asset is expected to be economically useful to an entity.

Operating Cost

Expenses associated with the day-to-day operations of a business, including rent, utilities, and payroll.