The Goal of A(n) _____ System Is to Tie Together

question 52

Multiple Choice

The goal of a(n) _____ system is to tie together all aspects of production, including order processing, product design, manufacturing, inspection and quality control, and shipping.

• A) computer-assisted manufacturing
• B) computer integrated manufacturing
• C) flexible manufacturing system
• D) computer-assisted design

---

Definitions:

Mortgage

A loan specifically designed for the purchase of property, in which the property itself serves as security for the loan.

Lease

A contractual agreement by which one party conveys property, land, services, or goods to another for a specified time, usually in return for a periodic payment.

Escrow Agent

A neutral third party who holds assets or documents in trust until certain conditions are met and then facilitates the transfer of these assets or completion of legal obligations.

Security Interest

A legal claim or lien on collateral that has been offered to secure a loan, ensuring the lender can repossess or take ownership of the collateral if the borrower defaults.