Ompanies Must Ask Themselves Many Questions Before Implementing an RFID

question 19

Multiple Choice

ompanies must ask themselves many questions before implementing an RFID system. Some such questions follow, with one exception. Which is the exception?

• A) Does the company need RFID to keep pace with its competitors?
• B) Will RFID offer a competitive advantage for the company?
• C) Will the company have the power to manage its business without accurate information about its processes and inventory that could be gained from RFID?
• D) Will RFID increase the costs of the company to serve its customers?
• E) Will RFID save the company money eventually (long term)?

---

Definitions:

Financial Reporting Committee

A specialized group or body concerned with developing or overseeing standards and practices for reporting financial information by entities.

Financial Accounting Standards Board

An independent nonprofit organization responsible for establishing and improving financial accounting and reporting standards within the United States.

Segment Reporting

The practice of dividing a company's operations into segments and reporting financial data for each segment separately to provide insights into the performance of different areas of the business.

Disaggregated Financial Data

Refers to financial information that is broken down into smaller components to provide detailed insight into the financial condition and performance of a company.