A Benefit of CAD Is

question 150

Multiple Choice

A benefit of CAD is

• A) it basically eliminates the need for human intervention.
• B) it saves on materials costs.
• C) it permits customization without a significant increase in price.
• D) it produces a higher quality product, which allows the manufacturer to charge more.

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Definitions:

Payment Terms

Conditions under which a seller will complete a sale, often detailing the time limit for payment and any discounts for early payment.

Amount Owing

The total sum of money that is due to be paid.

Operating Expense

An ongoing expense incurred in the operation of a business, such as rent, utilities, and salaries.

Operating Profit

Earnings before interest and taxes, calculated by subtracting operating expenses from gross profit.