A Form of Electronic Transaction Formats That Facilitate Delivery of Added

question 1

Multiple Choice

A form of electronic transaction formats that facilitate delivery of added value is the _______ in which one firm posts an offering and other parties submit bids.

• A)community
• B)catalog
• C)electronic auction
• D)exchange

---

Definitions:

Receivables Collection

The process of managing and collecting payments from customers who have purchased goods or services on credit.

Trust Receipt

A document issued by a bank to a buyer who has obtained a loan to purchase goods, wherein the buyer agrees to hold the goods in trust for the bank until the loan is repaid.

Short-Term Financing

Funding obtained for a period typically less than a year, used to cover immediate financial needs of a business.

Acquisition Of Inventory

The process a business undertakes to obtain supplies or products that it intends to sell to its customers.