Sam's Club Installed Self-Checkout Stations That Can Track Not Only

question 14

Multiple Choice

Sam's Club installed self-checkout stations that can track not only member's purchases but also packaging problems,as the system uses universal product codes to match the item the shopper has in their cart with its price and inventory level in the store,generating a spreadsheet style report for the researcher.If you consider the scanner as the tool for collecting data for Sam's researchers,they are doing data entry by ____.

• A) Spreadsheet
• B) Optical Character Recognition
• C) Field editing
• D) Voice Recognition
• E) None of the above

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Definitions:

Government Intervention

Actions taken by a government to influence or regulate various activities within its economy.

Market Signals

Indicators or information that guide economic decisions by conveying important data about the conditions or trends within a market.

Adverse Selection

Adverse selection is a phenomenon in economics and insurance where parties at a disadvantage due to asymmetric information are more likely to participate in an agreement or purchase, potentially leading to a market failure.

Asymmetric Information

A situation in which one party in a transaction has more or superior information compared to another, often leading to an imbalance in power or unfair advantages.