Electronic Data Interchange (EDI)

question 146

Multiple Choice

Electronic data interchange (EDI)

• A)puts information in a standardized format that can be shared between different computer systems.
• B)improves information flow between buyers and suppliers.
• C)allows customers to transmit orders directly to a supplier's computer.
• D)replaces many of the paper documents previously used for purchase orders and shipping reports.
• E)All these answers are correct.

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Definitions:

U-1 Measure

A specific metric for unemployment that counts individuals who have been unemployed for 15 weeks or longer, indicating long-term unemployment.

U-6 Measure

A comprehensive unemployment rate that includes those who are not actively looking for work, those working part-time but seeking full-time employment, and other marginally attached workers, in addition to the unemployed who are actively looking for work.

Marginally Attached Workers

Individuals who are not in the labor force, wishing to be employed and have looked for a job in the recent past but are not currently looking for work.

Labor-Force Participation

The ratio or percentage of the working-age population that is actively employed or seeking employment.