​_____ Programs Are Used to Develop Products

question 7

Multiple Choice

​_____ programs are used to develop products.

• A) ​Computer-aided design (CAD)
• B) ​Computer-aided manufacturing (CAM)
• C) ​Computer-integrated manufacturing (CIM)
• D) ​Computer-generated mistakes (CGM)

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Definitions:

Purely Philanthropic

Activities or initiatives completely driven by a desire to promote the welfare of others, typically characterized by voluntary financial donations without expectation of any return.

Third Sector

A term used to describe the segment of society that encompasses nonprofit organizations, charities, and voluntary groups which operate independently from the government and the private sector.

Tax-Exempt Sector

Part of the economy made up of organizations that are exempt from paying federal and/or state income taxes, typically including charities, religious organizations, and other nonprofits.

Fourth Sector

The Fourth Sector refers to a developing sector of the economy that combines the agendas and characteristics of the public, private, and nonprofit sectors aiming to create social and environmental impact alongside financial returns.