Web Services Includes the Following Technologies;

question 23

Multiple Choice

Web Services includes the following technologies;

• A) electronic data interchange (EDI)
• B) simple object access protocol (SOAP)
• C) electronic document management (EDM)
• D) online transaction entry (OLTE)

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Definitions:

Economic Profit

The surplus remaining after deducting both explicit and implicit costs from total revenues, emphasizing a firm's financial performance beyond just its accounting profit.

Accounting Profit

Accounting profit is the monetary gain calculated by subtracting total explicit costs from total revenue.

Sunk Cost

A cost that has already been incurred and cannot be recovered, and therefore should not affect current and future business decisions.

Nonrefundable Ticket

A type of ticket for which the cost is not returned to the purchaser if they decide to cancel their booking or are unable to use the ticket.