A Technology Used to Electronically Transfer Routine Documents,such as Invoices

question 30

Multiple Choice

A technology used to electronically transfer routine documents,such as invoices and purchase orders,and for financial transactions is

• A) electronic funds transfer.
• B) exchange-to-exchange.
• C) electronic data interchange.
• D) global document transfer.

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Definitions:

Activity Level

Activity level refers to the volume of production or operations within a specific period, influencing costs and budgeting in cost accounting.

Revenue And Spending Variance

The difference between the actual revenue and spending versus the budgeted amounts, indicating whether a business is over or under its budgeted figures.

Operating Income

The profit realized from a business's operations after subtracting operating expenses from revenues.

Activity Level

Refers to the volume of production or the quantity of operations that influences costs in manufacturing or service delivery.