Companies Like WalMart Are Using__________ to Facilitate Inventory Tracking by Signaling

question 47

Multiple Choice

Companies like WalMart are using__________ to facilitate inventory tracking by signaling their presence to scanners as the products are moved throughout the facility.

• A) iPods
• B) PDAs
• C) RFID tags
• D) Raspberries

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Definitions:

Illusory Promise

A situation in which a party appears to commit to something but really has not committed to anything. It is not a promise and thus not consideration.

Valid Consideration

Valid consideration in a contract represents something of value that is given by all parties involved, serving as the reason or inducement to enter into the contract.

Adequacy Of Consideration

Refers to the fairness of the bargain in a contract, ensuring that what is exchanged holds reasonable value.

Detriment

A loss or harm suffered as a result of an action or decision.