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:

Nonexcludable

A characteristic of a public good, indicating that it is not feasible to prevent non-paying customers from consuming the good.

Excludable

An excludable good is one from which it is possible to prevent people from benefiting unless they have paid for it.

Public Good

A good or service offered to every member of a society for free, provided by either the government or a private entity or group, without seeking profit.

National Defense

Governmental and military measures designed to protect a country from external aggression and threats.