Which Type of Business Environment Is Used Within the Business

question 85

Multiple Choice

Which type of business environment is used within the Business to Business e-commerce model for the payment of purchases?

• A) Electronic data interchange (EDI)
• B) E-Business Financial Exchange (EBFE)
• C) Thin wallets
• D) Financial EDI

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Definitions:

Lien Theory

A legal theory under which real estate acts as security for the repayment of a debt, with the lender holding an interest in the property until the mortgage is paid in full.

Title Theory

A legal concept in real estate that posits that the mortgage lender holds the title to the property until the mortgage is fully paid off.

Mortgagor

The borrower in a mortgage loan agreement, who pledges property to the lender as security for the loan.

Eminent Domain

The power of the government to take private property for public use, with compensation to the owner.