What Technology Has Helped Make the Physical Inventory-Taking Process More

question 26

Multiple Choice

What technology has helped make the physical inventory-taking process more efficient and effective?

• A) advances in forecasting
• B) transportation management systems
• C) just-in-time inventory
• D) scanning of bar-coded RFID tags

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Definitions:

Compounded Monthly

This involves the recalculating of interest on a loan or investment by taking into account both the initial principal and the accumulated interest from previous periods, recalculated on a monthly basis.

Life Annuity

A financial product providing a series of payments at regular intervals for the remainder of the annuitant's life.

Term Annuity

An annuity that provides regular payments for a specific duration or term, as opposed to a lifetime.

Compounded Monthly

The process of adding interest to the principal balance of an investment or loan, resulting in the accumulation of interest each month.