How did Wal-Mart integrate RFID technology into their SCM system?
What will be an ideal response?
Wal-Mart tried to force its suppliers to all use RFID technology, but because of the high cost, only a small percentage had adopted it by 2003. It has moved away from using the tags in distribution centers and now is using them more in stores to reduce out of stock situations and to drive sales promotions. It recently expanded the use of RFID tags from 100 to 1000 stores. Data is collected when any product moves in the store, including at the cash register. Suppliers can use the Web to check exactly where their products are. Some employees have been given handheld RFID readers to help them find products.
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Which of the following replaced the General Agreement on Tariffs and Trade?
A) the World Trade Organization B) the European Union C) the North American Free Trade Agreement D) the World Intellectual Property Organization
Explain the importance of understanding the communication process.
What will be an ideal response?
Glebe Company accepted a credit card account receivable in exchange for $1,100 of services provided to a customer. The credit card company charges a 5% fee for handling the transaction. What effect will the collection of cash from the credit card company have on the elements of the financial statements?
A. Increase assets by $1,045 B. Increase assets by $1,100 C. Decrease assets and stockholders' equity by $55 D. None of these answer choices are correct
The hypocrisy of the open shop movement was that:
A. Employers painted collective action of workers as an infringement upon individual liberty while they themselves acted collectively to prevent unionization. B. Courts were willing to issue injunctions against unions who went out on strike. C. Unions said they were there to represent all workers but actually they only represented those that belonged to the union. D. Employers wanted businesses to be open to all consumers but closed to unions.