A Vertical Trading Exchange

question 19

Multiple Choice

A vertical trading exchange:

• A) has a product or service focus and doesn't target a specific industry.
• B) never limits participation to specific buyers and sellers.
• C) is one that has an industry or specific market focus such as healthcare.
• D) can build an internet presence for companies in high-rise buildings.
• E) uses optimum storage capabilities to outsource data management among trading partners.

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Definitions:

Electronic Lockboxes

Secure electronic devices used for safe storage and controlled access to keys or assets.

Disbursement Float

The time delay between when a check is issued and when it is actually deducted from the payer's bank account, affecting cash management.

Transaction

An agreement or exchange between two parties that involves the sale, purchase, or trade of goods, services, or information.