A Streamlined Process That Bypasses Paper Documents Altogether and in Which

question 87

Multiple Choice

A streamlined process that bypasses paper documents altogether and in which computers of retailers communicate directly with the computers of suppliers to automate routine business transactions is known as ________.

• A) Real Time Gross Settlement
• B) Electronic Data Interchange
• C) Electronic Fund Transfer
• D) Evaluated Receipts Settlement

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Definitions:

Turnover

A financial metric indicating the rate at which inventory is sold or the rate at which employees leave and are replaced in a business.

Net Operating Income

The profit a company generates from its operations, excluding taxes and interest, calculated as revenues minus expenses.

Operating Assets

Assets used by a business in its day-to-day operations to generate revenue, excluding investments and non-essential assets.

Return On Investment

An evaluation tool for gauging the productivity or returns of an investment, achieved by dividing the net earnings by the investment's expense.