Which of the Following Statements About the Impact of CAD/CAM

question 168

Multiple Choice

Which of the following statements about the impact of CAD/CAM on manufacturing is most accurate? CAD/CAM:

• A)is most useful to firms producing durable goods such as automobiles.
• B)has replaced ERP as the most sophisticated resource planning technique.
• C)allows firms to save money by replacing skilled labour with computers to perform all of the high-skill tasks.
• D)has made it possible to produce custom-designed products with little increase in costs.

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Definitions:

Market-To-Book Ratio

A financial ratio that compares a company's market value to its book value, indicating how much investors are willing to pay above the net asset value.

Price-Earnings Ratio

A valuation metric for a company, calculated as market value per share divided by earnings per share.

Book Value

The net value of a company's assets, subtracting the total liabilities from the total assets, often used to assess a company's financial health.

Net Present Value

This represents the discrepancy between what cash comes in at its current value and what cash goes out at its current value over an allocated period.