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:

Average Costs

The average expense associated with producing a good or service, typically calculated by dividing the total costs by the quantity of goods or services produced.

Output Increases

A situation where the production level of goods or services in an economy or firm rises.

Scale of Production

Scale of Production refers to the size of operations for manufacturing or producing goods, impacting the costs and efficiency of production.

Average Costs

The total costs divided by the quantity of goods produced, measuring the cost per unit of production.