To Use the Services of a Value-Added Network (VAN), a Company

question 62

Multiple Choice

To use the services of a value-added network (VAN) , a company must install electronic data interchange (EDI) _____ software that is compatible with the VAN.

• A) switch
• B) interpreter
• C) translator
• D) router

---

Definitions:

Treasury Stock

Shares reacquired by the issuing company, reducing the amount of outstanding stock on the open market.

Appropriated Retained Earnings

Portion of retained earnings that a company reserves to be used for specific purposes or to meet future obligations.

Financial Statements

Financial statements are comprehensive reports created from a company's accounting records, presenting the financial performance and position at a specific point in time.

Treasury Stock

Shares of a company's own stock that it has reacquired from shareholders and holds in its treasury.