RFID Technology Was Used to Support Each of the Following

question 41

Multiple Choice

RFID technology was used to support each of the following activities at the 2008 Beijing Olympics except:

• A)ensuring safety of athletes' food
• B)blogging on social networks
• C)preventing the sale of counterfeit tickets
• D)tracking marathon runners

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Definitions:

Opportunity Costs

A rephrased definition: The potential gains or benefits that are lost when choosing one alternative over another in decision-making.

Gross Margin

The difference between sales revenue and the cost of goods sold, expressed as a percentage of sales revenue.

Income Statement

A financial statement that shows a company’s revenues, expenses, and profits or losses over a specific period.

Committed Fixed Cost

Expenses a company has committed to, unrelated to its level of production or business activity.