Which of the Following Statements About the Impact of CAD/CAM

question 168

Multiple Choice

Which of the following statements about the impact of CAD/CAM on manufacturing is most accurate?

• A) CAD/CAM is most useful to firms producing durable goods such as automobiles.
• B) CAD/CAM has replaced ERP as the most sophisticated resource planning technique.
• C) CAD/CAM allows firms to save money by replacing skilled labor with computers to perform all of the high-skill tasks.
• D) CAD/CAM has made it possible to produce custom-designed products with little increase in costs.

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Definitions:

1933 Act

The Securities Act of 1933, a U.S. federal law regulating the securities industry, focusing on the offer and sale of securities, emphasizing transparency and fairness.

Illegal Offer

A proposal to enter into an agreement that is against the law and therefore unenforceable.

Rescission

The legal act of canceling, revoking, or terminating a contract, returning all parties to their original positions prior to the contract.

Securities Act of 1933

A U.S. law enacted to ensure more transparency in financial statements so investors can make informed decisions about investments.