____ Refers to the Use of Computers to Help Manage

question 57

Multiple Choice

____ refers to the use of computers to help manage manufacturing operations and control machinery used in those processes.

• A) Computer-aided manufacturing (CAM)
• B) Computer-aided design (CAD)
• C) Enterprise architecture
• D) Product lifecycle management (PLM)

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Definitions:

Capitalize Interest

The process of adding the interest accrued on a loan to the principal balance of that loan, effectively increasing the total amount owed.

Finance Charges

Fees and interest charged on borrowed money, typically associated with loans, credit cards, and financed purchases.

Credit Card Company

A financial institution that issues credit cards, allowing cardholders to purchase goods and services on credit.

Installment Plan

A method of payment of a purchase or services over a period of time.