EDI Was Developed to Reduce the Cost, Delays, and Errors

question 59

True/False

EDI was developed to reduce the cost, delays, and errors inherent in the manual exchanges of documents among firms.

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Definitions:

Competencies

The combination of skills, knowledge, and behaviors that are needed to perform a role or task effectively.

Skill-based Pay

A compensation strategy that rewards employees for the skills and knowledge they possess, rather than for their job title or position.

Organization Performance-based

Refers to the concept of evaluating and managing the performance of an organization based on specific outcomes and results rather than solely on processes.

Profit Sharing

A company policy of distributing a portion of its net profits to its employees.