In ________ ________ ________,Computers Take Control of the Entire Production

question 155

Short Answer

In ________ ________ ________,computers take control of the entire production process (CIM)but also can be reprogrammed so the same processes can produce entirely different products.

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Definitions:

Medical Clinic

A healthcare facility that primarily focuses on the care of outpatients, offering various medical services and treatments.

Activity-Based Costing

Activity-based costing is a method of allocating overhead costs to specific products or services based on the activities required to produce them, providing a more accurate reflection of the costs associated with each product or service.

Overhead Cost

The ongoing expenses of operating a business that are not directly attributable to creating the product or service, including rent, utilities, and administrative costs.

Activity Cost Pools

A grouping of all the costs associated with a particular activity, used in activity-based costing to allocate costs more accurately.