Which of These Statements About CIM Is FALSE

question 3

Multiple Choice

Which of these statements about CIM is FALSE?

• A) CIM is of little benefit to a manufacturing firm that pays high wages.
• B) Over 40 percent of U.S. manufacturing companies are using one or more elements of CIM.
• C) Less than 1 percent of U.S. manufacturing companies have approached full-scale use of CIM.
• D) CIM is an umbrella term for total integration of product design and engineering, process planning, and manufacturing by computer systems.

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Definitions:

Capital Loss

A decrease in the value of an investment or asset compared to its purchase price, realized when the asset is sold.

Portfolio Review

The process of analyzing and assessing the performance of an investment portfolio to align with investment goals and risk tolerance.

Overconfident Manager

A business leader who has excessive belief in their own ability to make decisions and forecasts, potentially leading to suboptimal business outcomes.

Risky Projects

Initiatives or investments that carry a high degree of uncertainty or hazard, with the potential for significant returns or losses.