A number of standard-setting organizations offer memberships to business firms.

A number of standard-setting organizations offer memberships to business firms. You are working for Grace Henry, chief information officer (CIO) of Flex-Electric, a medium-size company that manufactures components for electronic medical and laboratory instruments. Grace asks you to investigate the benefits of joining an industry standard-setting organization, RosettaNet. Prepare a memo to Grace in which you outline the purposes of the organization and the costs and benefits of becoming a member. Close your memo with a recommendation regarding whether your company should join the organization.