Electronic Data Interchange, or EDI, Is the Direct Electronic Transmission

question 18

True/False

Electronic data interchange, or EDI, is the direct electronic transmission of purchase and ordering information from one company's computer system to another company's computer system.

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Definitions:

Securities Act of 1933

A U.S. law enacted to protect investors from fraudulent and misleading practices in the securities markets.

Purpose

The reason for which something is done or created or for which something exists.

Securities Registration Statement

A document filed with the SEC that includes details about a company's financial status, the securities to be sold, and the offer's terms, required for public offerings.

Securities Exchange Act of 1934

United States legislation that governs the trading of securities, such as stocks and bonds, to protect investors against fraud.