A Group of Machines Including Supervisory Computer Control, Automatic Material

question 122

Multiple Choice

A group of machines including supervisory computer control, automatic material handling, and possibly robots is called

• A)computer-aided design.
• B)a manufacturing cell.
• C)computer-aided manufacturing.
• D)computer-integrated manufacturing.
• E)a flexible manufacturing system.

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Definitions:

Profit Opportunities

Situations or conditions that allow for the chance to generate earnings above the norm.

Economic Profits

The difference between a firm's total revenue and its total costs, including both explicit and implicit costs.

Industry Supply Curve

A graphical representation showing the total quantity of a good that producers within an industry are willing and able to supply at different price levels.

Enter

To participate or become involved in a particular activity or sphere; in business, it may refer to entering a market, indicating the beginning of efforts to compete within a given market area.