Examlex

Solved

A Process of Production That Is Monitored and Controlled by Machines

question 62

Multiple Choice

A process of production that is monitored and controlled by machines with only minimal human supervision is called:


Definitions:

Compounded Monthly

The process of calculating interest on an initial principal, which also includes all of the accumulated interest from previous periods on a loan or investment, with the compounding occurring on a monthly basis.

Effective Annual Rate

The interest rate on an investment or loan that considers the effects of compounding over a given time period.

Compounded Quarterly

An investment or loan interest calculation method where interest is added to the principal four times a year.

Effective Annual Rate

The interest rate on an investment or loan that is annualized, taking compounding into account.

Related Questions