A technology used to electronically transfer routine documents,such as invoices and purchase orders,and for financial transactions is
A) electronic funds transfer.
B) exchange-to-exchange.
C) electronic data interchange.
D) global document transfer.

Question

Quizplus · Accepted Answer

Electronic data interchange (EDI) is a technology used to electronically transfer routine documents, such as invoices and purchase orders, between businesses. It is also used for financial transactions such as electronic funds transfer (EFT). Exchange-to-exchange and global document transfer are not commonly used terms in this context.

A Technology Used to Electronically Transfer Routine Documents,such as Invoices