What is a standard format for exchanging business data?
A) Financial EDI
B) Financial cybermediary
C) Electronic Data Interchange
D) None of these

Question

Quizplus · Accepted Answer

Electronic Data Interchange (EDI) is a standard format for exchanging business data between different organizations. It enables the exchange of structured and standardized data in a secure and efficient manner, reducing the need for manual data entry and reducing the risk of errors. EDI is widely used in industries such as manufacturing, retail, and healthcare for transactions such as purchase orders, invoices, and shipping notices.

What Is a Standard Format for Exchanging Business Data