What Type of Software Takes the Electronic Design for a Product

question 22

Multiple Choice

What type of software takes the electronic design for a product and creates the programmed instructions that robots must follow to produce a product as efficiently as possible?

• A) CAM
• B) CAD
• C) Gantt
• D) CAE

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Definitions:

Scarce Resources

Essential inputs that are available in limited quantities for the production of goods and services, leading to the problem of allocation.

Law of Demand

Economic principle stating that, ceteris paribus, as the price of a good or service increases, consumer demand for the good or service will decrease, and vice versa.

Unlimited Wants

The economic concept that human desires and needs are endless and vary in nature, leading to constant demand for goods and services.

Demand Curve

A graph showing the relationship between the price of a good and the quantity demanded of that good, typically downward sloping.