In the Context of Trading Partner Agreements,identify an Advantage of Electronic

question 50

Multiple Choice

In the context of trading partner agreements,identify an advantage of electronic business Extensible Markup Language (ebXML) over Hypertext Markup Language (HTML) .

• A)ebXML supports intrinsic data type.
• B)ebXML enables customers to submit hard copies of agreements to avoid fraudulence.
• C)ebXML allows you to select only the data requested in a search.
• D)ebXML contracts can be communicated manually.

---

Definitions:

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that guide the preparation of financial statements globally.

Fair Value

The amount of money one would expect to obtain from selling an asset or the cost incurred to settle a liability, during a structured exchange between parties in the market, as of the valuation date.

Double-Declining-Balance

A method of accelerated depreciation that doubles the normal depreciation rate, reducing the book value of assets more quickly in the early years.

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, which reflects the loss in value due to usage, wear and tear, or obsolescence.