CAD Workstations

question 40

Multiple Choice

CAD workstations

• A) provide engineers, designers, and factory managers with precise control over industrial design and manufacturing.
• B) provide an important source of expertise for organizations.
• C) allow groups to work together on documents.
• D) are high-end PCs used in the financial sector to analyze trading situations instantaneously and facilitate portfolio management.

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Definitions:

Inferior Good

A type of good whose demand decreases when consumer incomes increase.

Normal Good

An item that sees a rise in desire when the income of buyers increases, and experiences a decline in demand when the income of buyers drops.

Consumer Expectations

Anticipations of future prices, product quality, or available services that influence consumer decisions on spending and saving.

Normal Goods

Goods for which demand increases as consumer income rises, making them positively correlated with income changes.