____ Can Be Very Tiny,about the Size of a Rice

question 69

Multiple Choice

____ can be very tiny,about the size of a rice grain,or several square inches,depending on the amount of information they need to contain and the environment in which they are used.

• A) IrDA cards
• B) RFID tags
• C) Bluetooth ports
• D) Micro tags

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Definitions:

LIFO

A inventory valuation method where the last items added to inventory are the first ones sold, standing for "Last In, First Out."

Average Cost

A calculation of the total cost of goods available for sale divided by the total units available for sale, used to compute cost of goods sold in certain inventory valuation methods.

Cost Of Goods Sold

The direct costs attributable to the production of the goods sold in a company.

Periodic Inventory System

An inventory system in which the inventory count and cost of goods sold calculation are performed at specific intervals, typically at the end of an accounting period.