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A System Using an Automated Work Cell Controlled by Electronic

question 81

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A system using an automated work cell controlled by electronic signals from a common centralized computer facility is called:


Definitions:

Quarterly

Occurring every three months or four times a year.

Annuity

An investment vehicle that provides a consistent series of disbursements to a person, often employed in retirement planning.

RRSP

A registered retirement savings plan, a tax-advantaged account designed to help Canadians save for retirement.

Compounded

The process by which interest is earned on both the initial principal and the interest that has been added to it, thus "compounding" the amount.

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