Which of the Following Statements About Electronic Data Interchange Is

question 118

Multiple Choice

Which of the following statements about electronic data interchange is FALSE?

• A) Inventory information is automatically updated.
• B) EDI has not yet spread to international markets.
• C) A customer transmits its order information directly to the supplier's computer.
• D) EDI is very common in the United States.
• E) EDI puts information into a standardized format.

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Definitions:

Exchange Rate

Exchange rate is the value of one currency for the purpose of conversion to another, reflecting how much of one currency can be exchanged for a unit of another currency.

U.S. Investor

An individual or entity based in the United States that allocates capital in various financial assets to earn a return.

Fixed Exchange Rate

A country's currency value set and maintained as equal to the value of another single currency or to a basket of other currencies, or to another measure of value, such as gold.

Covariance

A measure of the degree to which two variables move in relation to each other.