In 1979, ANSI Chartered a New Committee to Develop Uniform

question 49

Multiple Choice

In 1979, ANSI chartered a new committee to develop uniform EDI standards.This committee is called the ____.

• A)ASC X12
• B)TSC X15
• C)IEEE 2321
• D)ASE A23

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Definitions:

Month

A unit of time, approximately 30 days, used as a standard measurement for billing cycles, budgeting, and financial forecasting.

Variable Cost

Costs that vary directly with the level of production or output, such as materials and labor costs.

Net Income

The total profit of a company after subtracting all expenses from revenues.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance premiums.