Which of the Following Is True Regarding the Use of Electronic

question 18

Multiple Choice

Which of the following is true regarding the use of electronic data interchange (EDI) between partner companies in a supply chain?

• A)EDI often relies on private networks and proprietary software.
• B)EDI takes very little time to set up.
• C)EDI enables companies to easily switch partners when required.
• D)EDI is more flexible than systems with machine-readable formats.

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Definitions:

Oil Imports

The purchase and transportation of oil from foreign countries, vital for countries that do not produce enough oil to meet domestic demand.

Consumption Habits

Patterns or behaviors of individuals or groups in terms of how they spend money on goods and services.

Productivity Growth

An increase in the efficiency of production, measured by the amount of goods and services produced per unit of labor or capital.

Trade Deficit

A situation in which a country's imports exceed its exports, resulting in a negative balance of trade.