Machine Control Is the Use of Computers to Control the Actions

question 14

Short Answer

Machine control is the use of computers to control the actions of machines. This is also popularly known as _______________ control.

---

Definitions:

Discount Rate

The rate utilized to calculate the present value of upcoming cash flows in a discounted cash flow analysis process.

Salvage Value

The estimated residual value of an asset after its useful life has ended and it can no longer be used for productive purposes.

Overhaul Costs

Expenditures related to major repairs or restoration of equipment or machinery to extend its useful life.

Discount Rate

In finance, a rate used to determine the present value of future cash flows or investments, reflecting the time value of money and risk.