An Electronic Data Interchange Is the Computer-To-Computer Exchange of Business

question 78

True/False

An electronic data interchange is the computer-to-computer exchange of business documents from a retailer to a vendor and back.

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Definitions:

Construct

In a financial or accounting context, "construct" could refer to the process of building or developing financial models, budgets, or forecasts.

Warehouse

A large building where goods are stored before they are distributed to stores or consumers.

Journalize

The act of documenting transactions within a corporation's journal, which is a step in the accounting cycle.

Mortgage Issued

The lending of funds by a financial institution to an individual or organization for the purchase of real estate, secured by the property itself.