What Is the Most Common Function Performed by Electronic Data

question 19

Multiple Choice

What is the most common function performed by electronic data interchanges?

• A) Housing and serving business logic for use and reuse by multiple electronic applications
• B) App store downloads and the serving of other types of rich media.
• C) Providing electronic reporting and analysis for organizational decision making
• D) Integrating various electronic functions of a business, such as accounting, finance, inventory management, and human resources
• E) Sending electronic equivalents of structured documents between different organizations

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Definitions:

Acceleration Clause

A clause in a debt instrument (e.g., a mortgage) that requires the payment of the balance of the debt on the happening of a specific event, such as default on an installment payment.

Equitable Mortgage

A mortgage subsequent to the first or legal mortgage. A mortgage of the mortgagor’s equity.

Covenant to Pay

An agreement in a contract where one party promises to pay a specified sum to another.

Original Mortgagor

is the initial borrower who takes out a mortgage loan secured by the property being mortgaged.