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:

Employment

The state of having paid work, being engaged in an occupation or job.

Marginal Productivity

The additional output that is produced by using one more unit of a given input, while keeping other inputs constant.

Flood

An overflow of water that submerges land that is usually dry, often caused by heavy rain, melting snow, or breach in water containment systems.

Inputs

Resources used in the process of production, including labor, materials, and capital.