What Is the Main Reason for Companies to Prefer VANs

question 9

Multiple Choice

What is the main reason for companies to prefer VANs to the Internet for implementing EDI?

• A)Cost - VANs are cheaper than the Internet
• B)Speed - VANs are faster than the Internet
• C)Security - VANs are thought to be more secure
• D)Convenience - VANs are everywhere

Understand the concept and importance of internal control systems within organizations.

Identify the limitations and challenges associated with internal controls.

Explain the process and importance of bank reconciliations.

Comprehend the roles and responsibilities of employees in upholding internal controls.

---

Definitions:

Legal Issues

Disputes or controversies that are submitted to a court for resolution involving questions of law or legal principles.

European Community

An economic and political union established by six European countries in 1957, which expanded and evolved into what is now the European Union (EU), aimed at fostering economic cooperation and integration among its members.

Predecessor

An entity or person who held a position or role before the current holder.

Sherman Act

A landmark federal statute in the antitrust law of the United States, passed in 1890, that outlaws monopolistic business practices.