Computer Integrated Manufacturing Systems Result in

question 58

Multiple Choice

Computer integrated manufacturing systems result in

• A)decreased engineering design costs
• B)decreased equipment utilization
• C)reduced work-in-process
• D)improved quality

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Definitions:

Production Possibility Frontier

A curve representing the maximum combinations of goods or services that can be produced with limited resources.

Bowed Out

A description usually of production possibilities frontier that shows increasing opportunity costs.

Command Economy

An economic system in which the government or central authority makes all decisions about the production and distribution of goods and services.

Centralized

A system or organization where decision-making and administrative processes are concentrated at a single point or center.