RFID's Have Had Some Difficulty Gaining Widespread Adoption Due to All

question 8

Multiple Choice

RFID's have had some difficulty gaining widespread adoption due to all of the following except:

• A) their relatively high costs
• B) there are consumer privacy issues
• C) they actually do not generate sufficient data
• D) some retailers express the view that it increases labour costs
• E) the costs of managing the data may be prohibitive

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Definitions:

Creditor

An individual or institution to whom money is owed.

Technical Default

A failure to meet some specific terms of a loan agreement, lease, or another contract, other than the failure to make payments as and when they fall due.

Interest Payments

Payments made by a borrower to a lender, consisting of the cost of borrowing money over a period of time.

Principal Payments

Payments made towards the original amount borrowed in a loan, excluding interest payments, thereby reducing the outstanding principal balance.