Which of the Following Are Advantages of Having Standards Govern

question 6

Multiple Choice

Which of the following are advantages of having standards govern how a technology works? (Choose all that apply.)

• A)interoperability
• B)high profits from lower competition
• C)proprietary equipment
• D)lower costs

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Definitions:

Personal Liability

The legal responsibility of an individual to settle debts or legal claims using personal assets.

Limited Liability Company

A firm's structure that integrates the aspect of limited liability similar to a corporation with the pass-through tax benefit akin to that of a partnership or sole proprietorship.

Corporate Veil

A legal concept that separates the actions and liabilities of a corporation from its shareholders, protecting them from personal liability.

Syndicate

A group of individuals or firms that join together to finance a project; also called an investment group.