In the Expenditure Cycle,Financial Electronic Data Interchange (FEDI)increases Efficiency by

question 43

Multiple Choice

In the expenditure cycle,Financial Electronic Data Interchange (FEDI) increases efficiency by

• A)eliminating the need for receiving reports.
• B)eliminating the need for vendor invoices.
• C)eliminating the need for purchase orders.
• D)eliminating the need to prepare and mail checks.

---

Definitions:

Straightforward

Direct and clear in manner or style, without unnecessary complexity or ambiguity.

Transgression

An act that goes against a law, rule, or code of conduct; an offense.

Relational Understanding

A deep level of comprehension and appreciation of the connections and relationships between concepts or entities.

Reproach

Message that a failure event has occurred.