Short-Range Wireless Technology That Works with Smartphones Is Also Known

question 45

Multiple Choice

Short-range wireless technology that works with smartphones is also known as ____.

• A) RFID
• B) NFC
• C) IoT
• D) None of the above

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Definitions:

Perpetual Inventory System

An inventory accounting method that instantly records inventory sales or purchases using computerized point-of-sale systems and enterprise asset management software.

Accounts Receivable

This refers to the money owed to a company by its customers for goods or services that have been delivered or used but not yet paid for.

Payee

The party in a financial transaction who receives payment.

Liquidation Value

The estimated total value of a company's assets if it were to be liquidated immediately.