Regarding Electronic Data Interchange (EDI),which of the Following Statements Is

question 222

Multiple Choice

Regarding Electronic Data Interchange (EDI) ,which of the following statements is incorrect?

• A) A manager approves the invoice, and then an electronic fund transfer sends the retailer's payment to the supplier.
• B) The retailer electronically sends an invoice to the supplier.
• C) EDI procedures are used for both cash payments and cash receipts in many companies.
• D) When a retailer's inventory reaches a low level, the computer creates and sends an electronic purchase order to the supplier.

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Definitions:

Simple Random Sampling

A type of sampling in which everyone in the target population has an equal chance of being selected.

Internal Company Data

Information collected from within an organization, used for analysis, decision-making, and strategic planning.

Competitive Intelligence

The systematic gathering of data about strategies that direct and indirect competitors are pursuing in terms of new-product development and the marketing mix.

Market Research

The process of gathering, analyzing, and interpreting information about a market, including about potential customers, competitors, and the industry as a whole.