Computer-Aided Design (CAD) Refers to the Use of Specialized Computer

question 57

True/False

Computer-aided design (CAD) refers to the use of specialized computer programs to direct and control manufacturing equipment.

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Definitions:

Perfectly Competitive Industry

An industry in which numerous small firms produce identical products, where no single firm can influence the market price, and all firms are price takers.

AC

Alternating current, a type of electrical current in which the flow of electric charge periodically reverses direction.

Government

The organization or system through which a community or society exercises authority and performs functions.

Inefficiency

A situation where resources are not used in the best possible way, often leading to wasted potential.