Computer-Aided Design/computer-Aided Manufacturing (CAD/CAM) Systems Are Used to Create the Digital

question 118

True/False

Computer-aided design/computer-aided manufacturing (CAD/CAM) systems are used to create the digital designs and then manufacture the products.

---

Definitions:

Sales On Account

Transactions where goods or services are sold but payment is deferred to a future date, typically recorded as accounts receivable.

Cost Of Goods Sold

Costs directly related to creating products for sale by a company, encompassing expenditures for labor and materials.

Inventory Turnover

A ratio showing how many times a company's inventory is sold and replaced over a specific period, indicating the efficiency of inventory management.

Financial Data

Numerical information reflecting the financial status of an entity, including income, expenses, assets, liabilities, and equity details.