Which of the Following Methods, If Used in Conjunction with Electronic

question 251

Multiple Choice

Which of the following methods, if used in conjunction with electronic data interchange (EDI) , will improve the organization's cash management program, reduce transaction data input time and errors, and allow the organization to negotiate discounts with EDI vendors based on prompt payment?

• A) Electronic funds transfer.
• B) Knowledge-based systems.
• C) Biometrics.
• D) Standardized graphical user interface.

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Definitions:

Long-run Average Total Cost

The average cost per unit of output when all inputs, even physical capital, are adjustable, over a sufficient time period.

Economies of Scale

Cost advantages that enterprises obtain due to their scale of operation, characterized by a reduction in average cost per unit when output is increased.

Diseconomies of Scale

The phenomenon where production costs per unit increase as the volume of output increases.

Constant Returns to Scale

A situation in economics where increasing the inputs in production proportionately increases the output.