Which of the Following Statements About EDI Systems Is True

question 74

Multiple Choice

Which of the following statements about EDI systems is true?

• A) They typically serve vertical markets.
• B) They are seller-side solutions.
• C) They evolved from private trading exchanges.
• D) They still play an important role in B2C commerce.

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Definitions:

Income Statement

A financial document that reports a company's revenues, expenses, and net income over a specific period.

Percentage of Sales Method

A financial forecasting model that assumes certain expenses and incomes will vary directly with sales.

Allowance for Doubtful Accounts

A contra-asset account that estimates the portion of accounts receivable which may not be collectible.

Bad Debts Expense

An expense account reflecting estimated uncollectible accounts receivable.