Computer-Aided Manufacturing (CAM)has Replaced Computer-Aided Design (CAD)in the Product Design

question 3

True/False

Computer-aided manufacturing (CAM)has replaced computer-aided design (CAD)in the product design process.

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Definitions:

Factory Overhead Cost

Expenses related to the operation of a manufacturing facility that are not directly tied to a specific product, including utilities, depreciation, and maintenance.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

Factory Overhead Cost

Indirect costs associated with manufacturing, such as maintenance, utilities, and salaries of supervisors, not directly tied to specific product units.

Construction Contractor

A business or individual that agrees to construct a building or to manage a construction project in accordance with specified parameters.