The Standard Format Used with Electronic Data Interchange EDI) Allows

question 7

Multiple Choice

The standard format used with electronic data interchange EDI) allows all vendors and buyers to speak the same language.This group has developed the standard format for the common documents used in the sales process:

• A)Electronic Data Systems
• B)American Common Forms Institute
• C)Association of Naturalized Documents
• D)American National Standards Institute

---

Definitions:

Entity

In accounting and finance, an entity refers to any organization, company, or individual that has a distinct existence for legal or tax purposes.

Highly Aggregated

A term describing data that has been compiled into large groups or categories, often to provide a broad overview.

Managerial Accounting

The process of identifying, measuring, analyzing, interpreting, and communicating financial information to managers for pursuing an organization's goals.

Business Organizations

Entities formed to conduct commercial activities, ranging from sole proprietorships to corporations with various operational and legal structures.