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

question 120

Multiple Choice

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

• A)has made it possible to produce custom-designed products with little increase in costs.
• 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)is most useful to firms producing durable goods such as automobiles.

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Definitions:

Positive Balance

A financial situation where assets exceed liabilities, indicating a surplus.

Protectionist Actions

Measures taken by a government to protect its domestic industries from foreign competition by imposing tariffs or quotas.

International Product Life Cycle

A theory explaining how a product matures and sales change over time on an international scale, including stages like introduction, growth, maturity, and decline.

Standardized

Conforming to a uniform style, size, or quality, often to facilitate compatibility and interoperability among various products or processes.