The Direct Computer-To-Computer Transfer of Transaction Information Contained in Standard

question 62

True/False

The direct computer-to-computer transfer of transaction information contained in standard business documents, conducted in a standard format, is termed Electronic Data Interchange.

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Definitions:

Reliable Factual Information

Information that is dependable and based on facts, thereby considered accurate and trustworthy.

Uncertainty

A state of having limited knowledge where it is impossible to exactly describe the existing state, a future outcome, or more than one possible outcome.

Risk

The exposure to the chance of loss or damage, or the uncertainty regarding the outcome of an action or decision.

Certainty

The firm conviction that something is reliably true, without any doubt, often used in decision-making processes.