When Supermarkets and Other Retailers Use Scanners That Provide Instant

question 10

Multiple Choice

When supermarkets and other retailers use scanners that provide instant inventory information, they are adopting ________ changes.

• A) technological
• B) people
• C) efficiency
• D) structural

---

Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from its total revenue.

Assets and Liabilities

Assets are resources owned by a business or individual offering future economic benefits, while liabilities are obligations that deplete resources.

Financial Position

Financial position refers to the status of a company's assets, liabilities, and equity at a specific point in time, as represented in the balance sheet.

Owners' Equity

The residual interest in the assets of an enterprise after deducting liabilities, representing the ownership's claim on the company's assets.