Walmart Has Developed a Sophisticated Inventory Management and Cost Control

question 49

Multiple Choice

Walmart has developed a sophisticated inventory management and cost control system that allows rapid price changes for each product in the store.The firm also uses technologies such as ________ to improve the quality of information available about products.

• A)radio frequency identification
• B)encapsulation techniques
• C)bar code scanners
• D)nanotechnology
• E)cookies

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Definitions:

Service Charge

A charge imposed to cover expenses associated with the main product or service being acquired.

Adjusted Cash Balance

The cash amount shown on a company's books after adjustments have been made for checks written or deposits in transit.

Check Register

A record kept by an account holder of checks written and deposits made into their checking account.

Outstanding Deposits

Funds that have been deposited but not yet credited to the depositor's account or cleared by the bank.