The movement of business data electronically between or within firms in a structured, computer-processable data format is known as
A) decentralization.
B) globalization.
C) Electronic Data Interchange.
D) routine transfers.

Question

Quizplus · Accepted Answer

Electronic Data Interchange (EDI) refers to the structured, computer-processable data format used for electronic movement of business data between or within firms. It involves the exchange of standardized documents such as invoices, purchase orders, and shipping notices, among others, using a common format that allows different computer systems to communicate seamlessly. Decentralization refers to the distribution of decision-making authority within an organization, while globalization refers to the increasing interconnectedness and interdependence of economies on a global scale. Routine transfers are a vague term that does not specifically refer to electronic data exchange.

The Movement of Business Data Electronically Between or Within Firms