Explanation

Computer Aided Manufacturing (CAM) is the use of software and computer-controlled machinery to automate a manufacturing process.

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VU CBT FIA PAPER 16-12-2021

Explanation

MTI stands for Medical Teaching Institution while PMC stands Pakistan Medical Commission.

Explanation

GAAP stands for Generally Accepted Accounting Principles

Explanation

ROI stands for Return on Investment

formula:

ROI = (Net Income / Initial Investment) * 100

Additional information:

NPV stands for Net present value

Explanation

The internal rate of return stands for IRR

It is the interest rate (also known as the discount rate) 

The IRR rule is used as a guideline for deciding whether to proceed with a project

Explanation

A laptop, sometimes called a notebook computer 

manufacturers by:

a battery- or AC-powered personal computer (PC) smaller than a briefcase.

Explanation

PIN is a short for a personal identification number

The PIN is a set of personal numbers used to prove positive identification.

It is often used with automated bank teller machines,

telephone calling cards, and accessing Wireless networks

Explanation

CARICOM stands for Caribbean Community and Common Market, which was founded in 1973

Headquartered in Georgetown, Guyana.

It aims to establish economic integration and cooperation among its 15 members.

Explanation

BECA is the third of a series of agreements between India and the US that marks the beginning of a deep military cooperation.

Explanation

LAN stands for local area network

It is a collection of devices connected together in one physical location

For example"

• school
• laboratory
• university campus 
• office building.

LAN covers can be small or large from home network and enterprise network

Additional Information

WAN stands for wide area network.

MAN stands for Metropolitan Area 

WANs and MANs connect many LANs together

WANs and MANs cover a large geographical area