Which Statement Is True of Web-Based Electronic Data Interchange (Open

question 92

Multiple Choice

Which statement is true of Web-based electronic data interchange (Open EDI) ?

• A)It reduces the cost of transmitting documents.
• B)It has a disadvantage of being platform dependent.
• C)It consists of international agreements on privacy protection and data security.
• D)It provides more secure data transmission than traditional EDI.

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Definitions:

Total Cost

The aggregate of every expense related to the creation of services or goods, taking into account both constant and fluctuating costs.

Average Total Cost

The total cost of production (fixed plus variable costs) divided by the total quantity produced, indicating the average cost per unit.

Diminishing Marginal Returns

A principle stating that as one adds more of a variable input to a fixed input, after a certain point, the additional output generated begins to decrease.

Personal Satisfaction

Personal satisfaction is the measure of contentment or happiness that an individual derives from an activity, situation, or overall life experience.