True or False: The American National Standards Institute (ANSI) is an international standard developing organization.

The American National Standards Institute (ANSI) does indeed play a significant role in the development of standards in the United States and is recognized as an international standard developing organization. ANSI oversees the creation, promulgation, and use of thousands of norms and guidelines that directly impact businesses in sectors ranging from quality management to environmental practices. Its involvement in international standards is evident through its participation in the International Organization for Standardization (ISO) and other global entities, which means that ANSI's standards have relevance beyond just the US context and contribute to international alignment of standards.

In this way, the statement is true, as ANSI does operate on an international level, reflecting the global nature of markets and standardization today.