Step 1: Understanding the Concept:
ASCII is a character encoding standard used to represent text characters in computers and other communication devices.
Step 2: Detailed Explanation:
Let us break down the exact definition of the ASCII acronym:
- A: American
- S: Standard
- C: Code
- I: Information
- I: Interchange
Therefore, ASCII stands for "American Standard Code for Information Interchange".
Originally developed in the 1960s, it encodes 128 specified characters into 7-bit integers.
Step 3: Final Answer
The correct option is (C).