Ordering and Purchasing Components, Which Was Once a Cumbersome, Time-Consuming

question 19

Multiple Choice

Ordering and purchasing components, which was once a cumbersome, time-consuming process, is now done by _____, reducing the time involved in such transactions from weeks to days and eliminating a considerable amount of paperwork.

• A)Electronic Data Systems (EDS)
• B)Purchasing International Network (PIN)
• C)Electronic Data Interchange (EDI)
• D)Global Buying Network (GBN)
• E)Internet Buying Network (IBN)

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Definitions:

Initial Endowment

An economic term for the total amount of resources an individual, entity, or economy has available at the start.

Health Care Reform

Legislation and policy efforts aimed at improving the health care system, which can include changes to healthcare coverage, delivery systems, or financing mechanisms.

Taxes Rise

An increase in the amount of tax imposed by the government, which can affect consumer behavior, business profits, and the overall economy.

Health Care Reform

Efforts and policies aimed at improving, modifying, or overhauling a country's healthcare system to increase access, quality, and affordability of healthcare for the population.