____ Systems Use the Internet to Automate and Manage Purchases

question 68

Multiple Choice

____ systems use the Internet to automate and manage purchases and the vendors from which these purchases are made with the predominate technology being electronic data interchange (EDI) .

• A) Customer relationship management
• B) Buy-side
• C) Sell-side
• D) E-business

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Definitions:

Bank Statement

A document or record provided by a bank, detailing all transactions in an account over a specific period.

Checkbook Balance

The amount of money available in an account, tracking all deposits and withdrawals recorded in the checkbook register.

Outstanding Checks

Checks that have been written and recorded in the issuer's accounting records but have not yet been cleared by the bank.

Automatic Transfer

A banking service that moves funds automatically from one account to another at scheduled intervals or under specific conditions.