In an Initial Trial of Radio Frequency Identification (RFID)tags on Garments

question 9

Multiple Choice

In an initial trial of radio frequency identification (RFID) tags on garments in 2007,American Apparel found that inventory shrinkage,a reduction in inventory,was 20 percent,double the retail industry average.The inventory shrinkage was a result of ____.

• A)Employee theft
• B)being soft on shoplifting
• C)lax internal controls over shipping and delivery
• D)all of the above

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Definitions:

Herman, Missouri

A small city located in Gasconade County, Missouri, known for its historic German heritage and as a part of Missouri Wine Country.

Cournot Reaction Function

A mathematical representation of how one firm in an oligopoly market adjusts its output based on the expected output of another firm, aiming to maximize its own profit.

Inverse Demand Function

A mathematical representation that expresses price as a function of quantity demanded, showing how price varies with changes in quantity.

Marginal Costs

Additional costs incurred when increasing the quantity of output by one unit.