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.

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Definitions:

Inhibit

To prevent or restrict the operation or action of a device, system, or process, often through a control signal or mechanism.

Enable

To activate or allow a system or device to operate, often controlled by an electronic or mechanical switch.

Three-Wire

A wiring system that consists of a phase wire, a neutral wire, and a protective ground wire, commonly used in residential and commercial settings.

Energized

To be energized means to supply or be supplied with electric power, causing a device, circuit, or component to become active or operative.