Computer-Aided Manufacturing (CAM) Is Software That Enables Users to Test

question 143

True/False

Computer-aided manufacturing (CAM) is software that enables users to test, analyze, and optimize their designs. This type of software frequently allows engineers to catch design flaws before production.

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Definitions:

Externality

A cost or benefit arising from an activity or transaction that affects an unrelated third party who did not choose to incur that cost or benefit.

Command-And-Control Policies

Governmental regulations that directly mandate specific practices or limit activities in order to achieve policy outcomes, such as environmental standards.

Market-Based Policies

Economic strategies that utilize market principles and forces to address and solve problems, often with the goal of improving efficiency and outcomes.

Environmental Protection Agency

A U.S. federal agency established to coordinate and enforce national pollution control laws and regulations to protect human health and the environment.