What Is Radio Frequency Identification

question 39

Multiple Choice

What is radio frequency identification?

• A) A means of linking computers using infrared or radio signals
• B) An omnidirectional wireless technology that provides limited-range voice and data transmission over the unlicensed 2.4-GHz frequency band, allowing connections with a wide variety of fixed and portable devices that normally would have to be cabled together
• C) A technology that uses active or passive tags in the form of chips or smart labels that can store unique identifiers and relay this information to electronic readers
• D) Commonly used to transmit network signals over great distances
• This is the definition of RFID.

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Definitions:

Allowances

Reductions or adjustments to the carrying amount of assets or the amount of a liability, often related to accounts receivable or inventory to reflect possible uncollectibility or diminution in value.

Deposits in Transit

Deposits in Transit are amounts that have been received and recorded by a business but not yet reflected in its bank statement.

Bank Statement

A summary of financial transactions that have occurred over a period of time in an account held by a person or business with a financial institution.

Cash Account

A financial account that tracks the flow of cash transactions, including receipts and payments, within a company.