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What Is a Highly-Automated Business Process Between Suppliers and Purchasers

question 143

Multiple Choice

What is a highly-automated business process between suppliers and purchasers to exchange data electronically and electronically execute a purchase transaction called?


Definitions:

Net Income

A company's profit remaining after all expenses, taxes, and losses have been deducted.

Closing the Revenue

The process of finalizing all revenue transactions within a given period, marking the end of a business's revenue cycle for that timeframe.

Partnership Capital

The total capital contributions made by all partners in a partnership, which is used in the business operations.

Interest

The charge for borrowing money or the return for lending money, usually calculated as a percentage of the principal amount annually.

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