What Is a Standard Format for Exchanging Business Data

question 163

Multiple Choice

What is a standard format for exchanging business data?

• A) Financial EDI
• B) Financial cybermediary
• C) Electronic Data Interchange
• D) None of these

Recognize the current state of AI and its goal of mimicking or surpassing human intelligence.

Grasp the practical applications of intelligent agents in performing automated tasks.

Understand the key characteristics and benefits of cloud computing.

Recognize the historical evolution of Information Technology (IT) infrastructure in organizations.

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Definitions:

Dicta

Comments, observations, or remarks made by a judge in a legal decision or ruling that are not essential to the resolution of the case.

Market Power

Ability of a seller or buyer to affect the price of a good.

Producer Surplus

The gap between the price sellers are willing to accept for their goods or services and what they end up receiving.

Consumer Surplus

The discrepancy between the amount consumers are prepared to pay for a product or service and the amount they end up paying.