What Are the Constraints of Computer Integrated Manufacturing (CIM)

question 26

Multiple Choice

What are the constraints of computer integrated manufacturing (CIM) ?

• A) Technical challenges in communication between systems
• B) Vulnerability to failure and breakdown
• C) Extremely high capital costs
• D) All of the above

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Definitions:

International Accounting Standards

A set of older accounting standards that were replaced by IFRS, previously developed by the International Accounting Standards Committee (IASC) to guide financial reporting internationally.

FIFO

First In, First Out, an inventory valuation method where the first items produced or acquired are the first ones to be expelled from inventory.

LIFO

"Last In, First Out," an inventory valuation method assuming the last items placed in inventory are the first sold.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board that guide the preparation of financial statements globally.