Which of the following is TRUE regarding computer-aided design?
A) It is too expensive to use in most manufacturing and design settings.
B) It is an obsolete technology.
C) It results in longer development cycles for virtually all products.
D) It is the use of computers to interactively design products and prepare engineering documentation.
E) It is the use of information technology to control machinery.
D
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Identify the most correct statement with regard to how the various accounting subsystems update the general ledger
A) Individual journal entries for each accounting subsystem transaction update the general ledger every 24 hours. B) Summary journal entries that represent the results of all transactions for a certain time period are used to update the general ledger. C) The controller or treasurer must approve accounting subsystem journal entries before any updating may occur. D) Nonroutine transactions are entered into the system by the treasurer's office.
Which category of reports includes an outline of an organization's position on issues that will affect the company's success?
A) Compliance papers B) Reports to document progress C) Reports to monitor operations D) Position papers, also known as white papers E) Reports to control operations