Bar Code Readers That Perform Real-Time Tracking in Grocery Stores

question 77

Multiple Choice

Bar code readers that perform real-time tracking in grocery stores are an example of ________.If sales are down,the managers will know immediately,and they can take corrective action such as more advertising.

• A) concurrent control
• B) performance metrics
• C) normative control
• D) implicit control

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Definitions:

Standard Quantity

The expected amount or volume of a specific input or material required in the production of goods or services.

Materials Price Variance

The difference between the actual cost of materials and the expected cost based on standard pricing, used to evaluate cost management.

Purchasing Department

A division within a business that is responsible for acquiring goods and services needed for operations.

Standard Cost

A predetermined cost of manufacturing a product or providing a service, used for budgeting and performance evaluation.