____________Is the Direct Electronic Transmission of Purchase and Ordering Information

question 7

Multiple Choice

____________is the direct electronic transmission of purchase and ordering information from one company's computer system to another company's computer system.

• A) Automated processing
• B) Electronic data interchange
• C) Transaction channeling
• D) Data manipulation
• E) Information exchange

---

Definitions:

Accounts Receivable

Funds that customers owe to a company for products or services provided but not yet compensated for.

Accounts Payable

Money owed by a company to its creditors for goods or services that have been delivered or used, but not yet paid for.

Inventory

The total amount of goods and materials held by a company that are ready for sale or in the process of being produced.

Common Stock

A type of equity security that represents ownership in a corporation, giving holders voting rights and a share of the profits.