A Company Has Built A(n)__________ That Will Automate Its Purchasing

question 12

Multiple Choice

A company has built a(n) __________ that will automate its purchasing transactions and other e-commerce activities with its small­ to mid­size suppliers. It will provide thousands of the company's suppliers with secure access to critical trading partner information and will facilitate trading partner automation.

• A) extranet
• B) virtual portal
• C) Web service
• D) corporate portal
• E) secure logic system (SLS)

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Definitions:

Profit

The financial gain made in a transaction or business operation, calculated by subtracting total expenses from total revenue.

B-Corp Certification

A certification for businesses that meet high standards of social and environmental performance, accountability, and transparency.

Sustainable Financial Basis

A state of financial stability that can be maintained over the long term without depleting resources.

Fair Trade

A social movement and market-based approach that aims to help producers in developing countries obtain fair payment for their goods and labor.