The Use of Information Technology to Monitor and Control a Physical

question 114

Multiple Choice

The use of information technology to monitor and control a physical process is known as

• A) process control
• B) computer-aided design
• C) information numeric control
• D) numeric control
• E) none of the above

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Definitions:

Costs

Costs represent the expenses incurred in the production of goods or services, including materials, labor, and overhead.

Marginal Costs

The cost incurred by producing one additional unit of a product, which typically includes materials and labor.

Potential Customers

Individuals or organizations that could become buyers of a product or service, but have not yet made a purchase.

Expected Profit

The anticipated financial gain from a business venture or investment, estimated based on forecasts or previous performance.