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:

Self-confidence

The belief in one's abilities, qualities, and judgment, contributing to an individual's self-assuredness and ability to face challenges.

Four-drive Theory

A model that identifies four basic motivational drives—the drive to acquire, bond, comprehend, and defend—that influence human behavior.

Hierarchy Of Needs

A motivational theory in psychology proposed by Abraham Maslow, which is often depicted as a pyramid with five levels of basic human needs, from physiological to self-actualization.

Learned Needs Theory

A psychological perspective that suggests that needs are acquired or learned over time based on individuals' life experiences.