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

question 275

Multiple Choice

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

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

---

Definitions:

Acquisition Differential

Represents the excess amount over the fair market value of net assets that is paid by a company to acquire another company.

Capital Assets

Long-term assets acquired for operation and not intended for sale, including property, plant, and equipment.

Goodwill Impairment

An accounting charge that occurs when the market value of goodwill is less than its recorded value on the balance sheet.

Plant and Equipment

Long-term tangible assets used in the operations of a business to produce goods and services, such as machinery, buildings, and vehicles.