Fillkart,an Online Shopping Web Site,needs to Share Data for Purchase

question 36

Multiple Choice

Fillkart,an online shopping Web site,needs to share data for purchase orders,invoices,and payments along with information about common suppliers and financial institutions.Which of the following will support these needs of Fillkart?

• A)Customer relationship management.
• B)Product life cycle management.
• C)Interorganizational information system.
• D)Enterprise resource planning.

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Definitions:

Agency Coupled With An Interest

An irrevocable agency agreement in which the agent is given an interest in the subject matter of the agency. Also called irrevocable agency.

Principal

The original sum of money borrowed in a loan, or the amount of the investment, not including the interest or profits.

Agency Relationship

A legal bond where one party, the agent, acts on behalf of another, the principal, in dealings with third parties.

Financial Year End

Financial year end is the completion of a one-year, or 12-month, accounting period; the date when companies must finalize their financial statements and report their financial performance.