N/C Machines Are Best Used in Cases with All of the Following

question 151

Multiple Choice

N/C machines are best used in cases with all of the following characteristics EXCEPT:

• A)mistakes are costly.
• B)changes in design are infrequent.
• C)parts are processed in small batches.
• D)close tolerances are required.

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Definitions:

Residual Income

The amount of income that exceeds the minimum target return, often used in performance measurement and managerial compensation.

Return On Investment

A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.

Operating Asset

Assets utilized in the daily operations of a business to generate revenue, including both current and long-term assets.

Return On Investment

A financial metric calculating the profitability or efficiency of an investment, expressed as a percentage of the investment's cost.