What Type of Inventory Control System Could Eliminate the Need

question 47

Multiple Choice

What type of inventory control system could eliminate the need for supermarket checkout completely?

• A) Radio-frequency identification
• B) UPC barcode identification
• C) Materials requirements planning
• D) Just-in-time control

Grasp the concept and calculation of asset turnover.

Understand the relationship between profit margin, investment turnover, and ROI.

Comprehend the significance and calculation of residual income.

Identify the potential impacts of profit-based measures on managerial behavior.

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Definitions:

Six Capitals

A framework that identifies six types of capital organizations use to create value: financial, manufactured, intellectual, human, social and relationship, and natural.

Eco-Intensity Measures

Quantitative assessments that evaluate the environmental impact of a company's activities in relation to its economic value or output.

Output

The quantity of goods or services produced in a given time period by a firm or industry.

Input

Resources used in the production process, including raw materials, labor, and capital, which contribute to the creation of goods or services.