________ System Enables Business Owners to Track Their Inventories and to Place

question 71

Multiple Choice

________ system enables business owners to track their inventories and to place orders with vendors quickly and with few errors by linking them to their vendors electronically.

• A)Electronic Data Processing (EDP)
• B)Electronic Fund Processing (EFP)
• C)Electronic Data Interchange (EDI)
• D)Enterprise Resource Planning (ERP)

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Definitions:

Debt To Total Assets Ratio

A financial metric indicating what proportion of a company's total assets are financed through debt, used to assess financial leverage.

Creditor's Point Of View

A perspective focusing on the safety, return, and timeliness of payments related to the amounts lent or credits extended.

Obligations

Liabilities or commitments a company or individual has to pay back money or perform specific actions in the future.

Solvency Ratio

The solvency ratio is a financial metric used to evaluate a company's ability to meet its long-term debt obligations, indicating financial health.