Bar Codes and Radio Frequency Identification Systems Are Key Technologies

question 69

Multiple Choice

Bar codes and radio frequency identification systems are key technologies in supply chain systems because they perform which of the following functions?

• A) Tracking truck locations on cross-country deliveries
• B) Facilitating timely and accurate data acquisition
• C) Providing paperless invoicing of goods
• D) Producing schedule broadcasts for suppliers

---

Definitions:

Collateral

Assets promised as security for the repayment of a loan, which can be seized by the lender if the borrower fails to repay according to the terms of the loan agreement.

Security Agreement

A legal document that provides a lender a security interest in a specified asset or property that is pledged as collateral.

Collateral

Collateral refers to assets that a borrower offers to a lender to secure a loan, which can be seized if the loan is not repaid.

Perfection by Possession

A method of securing interests in personal property by physical possession, thereby prioritizing claims against the property.