A Computer-To-Computer Exchange of Business Documents in a Standard Format

question 8

Multiple Choice

A computer-to-computer exchange of business documents in a standard format is known as

• A)e-business.
• B)electronic data interchange (EDI).
• C)radio frequency identification (RFID).
• D)point-of-sale data.

---

Definitions:

Common Shares

Equity securities that represent ownership in a corporation, giving shareholders voting rights and a share in the company's profits through dividends.

Contingency Reserves

Funds or resources set aside to cover unexpected costs or losses in a project, program, or portfolio, providing a financial cushion.

Accelerated Depreciation

A method of depreciation that allows for a higher expense deduction in the early years of an asset's life, decreasing its book value more quickly.

Goodwill

Goodwill is an intangible asset that arises when a company acquires another business for a price higher than the fair value of its net tangible assets, representing aspects such as brand reputation and customer loyalty.