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Commerce · Q104

eCommerce

Graduate and Post Graduate · Commerce · question 104

Q104

What is the name for direct computer‐to‐computer transfer of transaction information contained in standard business documents?

A.
internet commerce
B.
e‐commerce
C.
transaction information transfer
D.
electronic data interchange
Answer

Answer: Option D

Solution

Answer: Option D
Solution:
The name for direct computer‐to‐computer transfer of transaction information contained in standard business documents is electronic data interchange. Electronic Data Interchange (EDI) is the electronic interchange of business information using a standardized format; a process which allows one company to send information to another company electronically rather than with paper.