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Discuss the Applications of Radio Frequency Identification (RFID)tags

question 21

Essay

Discuss the applications of radio frequency identification (RFID)tags.


Definitions:

Assets

Resources owned by a business or individual with economic value or expected to provide future benefits.

Salaries and Wages

Compensation paid to employees for their services, including both regular salary and hourly wages.

Expenses

The outflows or consumption of assets or incurring/liabilities (creating a liability) from a company's operations aimed at generating revenue.

Revenue

The total income generated from normal business operations, including sales of goods and services before any expenses are subtracted.

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