The Three Methods of Tracing Products Through a Distribution System

question 15

Multiple Choice

The three methods of tracing products through a distribution system are paper records, bar codes, and radio frequency identification tags. Which of the following statements about the tracing of products is true?

• A) RFID tags need direct line-of-sight scanning.
• B) Bar codes would be the easiest and most economical method to use.
• C) Until technological improvements are made, paper records are the best way to trace recalled products.
• D) RFID tags are most efficient because they can be read by a radio that has been tuned to a specific
• ^frequency.
• E) Bar codes are the most efficient because they make use of optical character recognition.

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Definitions:

Forward Contracts

A non-standardized agreement between two parties to buy or sell an asset at a specified future time at a price agreed upon today.

Financial Futures

Standardized contracts to buy or sell financial instruments or physical commodities for future delivery at an agreed price.

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An index tracking the performance of 500 major US companies listed on the stock exchanges.

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An indicator that shows the performance of all stocks listed on the New York Stock Exchange.