A Big Advantage of Computer-Integrated Manufacturing Software Is That It

question 192

Multiple Choice

A big advantage of computer-integrated manufacturing software is that it

• A) makes it possible to custom-design products to meet the needs of small markets while cutting the time needed to program machines.
• B) replaces "dumb" robots with "smart" computers.
• C) allows personal computers to communicate directly with the firm's server.
• D) controls all of the actions of the assembly line from a central location.

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Definitions:

Rolling Budgets

Budgeting method that continuously updates by adding a new budget period as the current period is completed, ensuring ongoing financial planning.

Budgeted Financial Statements

Financial statements that predict revenues, expenses, and net income based on the budget for a future period.

Cash Budget

A financial plan that estimates cash inflows and outflows over a specific period, typically used to assess liquidity and manage cash effectively.

Rolling Budget

A continuously updated budget that extends into the future for a consistent period, as current months pass, new months are added to the budget.