The Process That Enables Manufacturers to Use Computers to Analyze

question 121

Multiple Choice

The process that enables manufacturers to use computers to analyze the steps a machine must take to produce a product or part is _____.

• A)computer-aided manufacturing
• B)program evaluation and review technique
• C)computer-aided design
• D)computer-integrated manufacturing

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Definitions:

MC (Marginal Cost)

The additional expense associated with the production of one more unit of a product or service.

Take a Loss

To realize a financial loss on an investment or transaction, often as a result of selling assets for less than their purchase price.

Short Run

A period in economics during which at least one input (e.g., factory size) is fixed and cannot be changed.

Long Run

A period of time in economics during which all factors of production and outputs are variable, allowing for full adjustment to changes.