Which of the Following Statements Is True of Traditional Electronic

question 58

Multiple Choice

Which of the following statements is true of traditional electronic data interchange (EDI) ?

• A)Traditional EDI uses nonproprietary standards.
• B)Traditional EDI is more beneficial when there are more companies in the EDI network.
• C)When the number of partners is large in a traditional EDI network,the cost per partner is higher.
• D)When traditional EDI uses the Internet and Web protocols,the cost of transmitting documents increases.

---

Definitions:

Compounded monthly

The process of adding interest to the principal sum of a loan or deposit, where the interest is added monthly.

Compounded monthly

The process of calculating interest on an investment or loan each month, with each month's interest added to the principal.

Economic value

The worth of a good or service as determined by the market and the price a buyer is willing to pay.

Compounded quarterly

Interest calculation method where the interest is added to the principal every three months, affecting the overall amount on which future interest is calculated.