What Is the Role of a Bar Code Scanner or RFID

question 17

Multiple Choice

What is the role of a bar code scanner or RFID tags in the production cycle?

• A)Production workers use this to tag-on/ tag-off the job for their timesheets
• B)Boxes of finished goods have RFID tags added before despatch as part of the stock control systems for large customers like Target or Woolworths.
• C)These tracking devices are used to record the movement of raw material,WIP and finished goods so that inventories of these remain accurate.
• D)These tags are used with the picking slips to locate the goods in the warehouse.

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Definitions:

Common Shares

Equity securities that represent ownership in a company, giving holders voting rights and a share in the company's profits through dividends.

Consolidated Financial Statements

Financial statements that show the aggregated financial position and results of operations for a parent company and its subsidiaries.

Subsidiary

A company that is controlled by another company, commonly known as the parent company, through ownership of more than half of its voting stock.

Unrealized Loss

A loss that results from holding onto an asset that has decreased in price, but has not yet been sold.