The Use of Information Technology to Monitor and Control a Physical

question 126

Multiple Choice

The use of information technology to monitor and control a physical process is known as:

• A) process control.
• B) computer-aided design.
• C) information numeric control.
• D) numeric control.
• E) IT oversight.

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Definitions:

Futures Market

A standardized market for buying and selling contracts that obligate the delivery of commodities, currencies, or financial instruments at a future date.

Simultaneous

Happening, functioning, or being carried out simultaneously.

Position

In finance, a position refers to the amount of a particular asset or security that is owned by an individual or entity.

Futures Contract

A contractual arrangement to purchase or sell a specific financial instrument or commodity at a set price on a future date.