When Machine Work Uses CNC Technology, the Key Issue for Structuring

question 4

Multiple Choice

When machine work uses CNC technology, the key issue for structuring work becomes

• A)the speed of production.
• B)the social relations between machinists and computer programmers.
• C)the authority to program the device controlling production.
• D)the expense of the technology involved.
• E)the number of stockholders the company has.

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Definitions:

Chattel Mortgage

A loan agreement where personal movable property is used as collateral for the loan, and the borrower retains possession of the property while repaying the loan.

Pledge

A commitment or security interest, especially in the context of a pledge of assets as collateral for a loan.

Deed of Trust

A legal document used in some states that involves a trustor, a trustee, and a lender (beneficiary), outlining the terms of a real estate transaction and placing the property as security for a loan.

Guarantor

A person or entity that agrees to be responsible for another's debt or obligations if the original party fails to meet their commitments.