The Use of Radio Frequency Identification (RFID)______

question 57

Multiple Choice

The use of radio frequency identification (RFID) ______.

• A)has increased the accuracy and efficiency of managing inventory
• B)is most appropriate for companies that handle inventory in small quantities
• C)is not as efficient as the periodic review system
• D)is a response to the costs of cycle counting

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Definitions:

Independent Events

Two or more events in which the occurrence of one event does not affect the probability of the other events.

Independent Events

Two or more events where the occurrence of one event does not affect the probability of the other events happening.

Probability

A measure of the likelihood that an event will occur, quantified as a number between 0 and 1.

Union

In mathematics, particularly in set theory, it is the set containing all elements from all sets being considered.