This Type of Highly Integrated IT System, Inter-Company, Computer-To-Computer, Communicates

question 41

Multiple Choice

This type of highly integrated IT system, inter-company, computer-to-computer, communicates sales documents electronically with a standard business format.

• A)E-commerce
• B)Virtual commerce
• C)Electronic data interchange
• D)Point of sale

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Definitions:

Net Income

The total profit of a business after deducting all expenses, taxes, and losses, indicating its financial performance over a reporting period.

Liabilities

Financial obligations or debts that an entity owes to external parties.

Equity

The value of an owner's interest in a property or a company, after all debts and other obligations have been accounted for.

Accounting

The systematic process of recording, reporting, and analyzing financial transactions of a business.