In the Past, the Up-Front Cost of Implementing Indirect Connection

question 74

True/False

In the past, the up-front cost of implementing indirect connection EDI, including software, VAN enrollment fee, and hardware, typically exceeded $500,000.

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Definitions:

Separate Legal Entity

A separate legal entity is a business structure that is legally considered distinct from its owners, providing them with certain protections and liabilities.

Proprietorship

A business owned by one person.

Partnership

A business owned by two or more persons associated as partners.

Return on Equity

Return on Equity (ROE) measures a company's profitability by revealing how much profit a company generates with the money shareholders have invested.