RFID Definition

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RFID is Radio Frequency Identification Tag. An RFID is attached to and identifies a thing such as an item in inventory, a case of items, a pallet of cases, a car passing through a reader on a toll way, or a person passing through a doorway.  It is like a UPC (universal product code) on items in a store, but can be scanned from a longer distance.  A transceiver sends an activating signal and receives identification information.  An active RFID tag has an internal battery and has a longer range than a passive tag which is powered by the radio signal it receives.

Learn new Accounting Terms

ASSET TURNOVER RATIO is a general measure of a firms ability to generate sales in relation to total assets. It should be used only to compare firms within specific industry groups and in conjunction with other operating ratios to determine the effective employment of assets. Formula: REVENUE/ASSETS.

CASH CONVERSION CYCLE see CASH CYCLE.

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