All of the Following Are Benefits of Electronically Generating and Transmitting

question 25

Multiple Choice

All of the following are benefits of electronically generating and transmitting purchasing-related documents except ____.

• A) a reduction in the need to ensure higher levels of quality from suppliers
• B) a virtual elimination of paperwork and paperwork handling
• C) improved communication both within the company and with suppliers
• D) a reduction in errors
• E) a reduction in the time spent in by purchasing personnel on processing orders and invoices and more time spent on strategic value-adding purchasing activities

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Definitions:

Ownership Equity

Refers to the residual interest in the assets of an entity after deducting liabilities, representing the owner's claim on the business.

Capital Balances

The amount of equity each partner or owner has in a business, reflecting contributions, withdrawals, and their share of profits or losses.

Capital Balances

Capital balances refer to the amounts of money or financial resources that owners have invested in a business, represented in the equity section of the balance sheet.

Net Income

The profit a company retains after deducting all costs, taxes, and expenses from its total revenue.