Customers That Send Their Payments Electronically Directly to the Company's

question 60

Multiple Choice

Customers that send their payments electronically directly to the company's bank are using

• A) electronic data interchange (EDI).
• B) electronic funds transfer (EFT).
• C) procurement cards.
• D) an electronic lockbox.

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Definitions:

Joint Venture Agreement

A legal document that outlines the terms and conditions under which two or more parties undertake a specific business venture together.

UNCITRAL Rules

A set of procedural rules adopted by the United Nations Commission on International Trade Law to govern arbitration proceedings.

Export and Import Permits Act

Legislation regulating the export and import of specific goods and technologies to and from a country.