COGNITIVE ASSESSMENT How Are Standards Such as EDI Used by Businesses

question 99

Multiple Choice

COGNITIVE ASSESSMENT How are standards such as EDI used by businesses?

• A) to secure their network
• B) to define how data transmits across transmission media
• C) as a service for transferring funds
• D) to classify their network cable types in order to connect devices

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Definitions:

Equity Method

An accounting technique used by a company to record its investment in another company, where the investment represents a significant influence over the investee.

Consolidated Net Income

The total net income of a parent company and its subsidiaries after elimination of inter-company transactions and accounts.

Net Income

The amount of earnings left over after all expenses and taxes have been subtracted from total revenue.

Dividends

Payments made by a corporation to its shareholders, out of its profit or reserves, usually on a regular basis.