Computer-Integrated Manufacturing Systems Combine Hardware, Software, Database Management, and Communications

question 22

True/False

Computer-integrated manufacturing systems combine hardware, software, database management, and communications to automate and control a broad range of production activities.

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Definitions:

Customer Warranties

Promises made by sellers to buyers to repair or replace products that fail within a certain period of time after sale.

Merchandise Inventory

Merchandise inventory refers to the products a company has available for sale to customers at any given time.

Note Payable

A written promise to pay a specific sum of money to a party on demand or at a predetermined future date.

Account Payable

The amount of money owed by a business to its suppliers or creditors for goods and services purchased on credit.