The Use of Robots Is an Essential Part of Which

question 94

Multiple Choice

The use of robots is an essential part of which of the following technologies?

• A)CAMM
• B)JIT inventory systems
• C)CAD
• D)CIM

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Definitions:

Marginal Cost

The financial outlay involved in producing a supplementary unit of a good or service.

Crude Oil

A naturally occurring, unrefined petroleum product composed of hydrocarbon deposits and other organic materials, used as a primary energy source.

Industry Output

The total production of goods and services produced by a specific sector of the economy over a given period.

Marginal Cost

The cost incurred from producing one additional unit of a good or service.