Asset Tracking ________

question 140

Multiple Choice

Asset tracking ________.

• A)occurs when a company places active or semi-passive RFID tags on expensive products or assets to gather data on the items' location with little or no manual intervention
• B)uses plastic or conductive polymers instead of silicon-based microchips, allowing them to be washed or exposed to water without damaging the chip
• C)measures the acceleration (the rate of change of velocity) of an item and is used to track truck speeds or taxi cab speeds
• D)provides extremely accurate position, time, and speed, using a satellite-based navigation system

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Definitions:

Price Elasticity

An evaluation of how significantly the amount of a good that is wanted or available alters due to a variation in its cost.

Perfectly Elastic

Describes a situation in which the quantity demanded or supplied changes infinitely in response to any change in price.

Demand

The quantity of a good or service that consumers are willing and able to purchase at various prices during a given time period.

Price Elasticity Coefficients

Measures of how much the quantity demanded of a good responds to a change in the price of that good, expressed numerically.