<h2>Electronic Data Interchange is the bridge between partner companies in a supply chain.</h2>
Explanation:
- Enables information transfer between one company and another
- The transfer of information would be in electronic mode rather than paper mode
- Since they conduct business electronically they are called "trading partners".
- Types of EDI are :Direct EDI/Point-to-point, Web EDI, Mobile EDI, etc
- Data are exchanged in 3 simple steps: Prepare the document, convert that to EDI, send to your partner or client
- The three key elements of EDI are: Modem, VAN and point to point link
Answer:
nonprice competition
Explanation:
The strategy that Joe's Gym is using gives<u><em> differentiated services</em></u> to the users when compared to the competition, but Joe's Gym do not change prices.
Answer: The correct answer is A. an account.
Explanation: Journal records transactions that have taken place in a particular ledger at a particular period/date and it can be used to correct the ledger balance or mispostings.
A ledger consists of the various accounts of an organization, the changes/movement in those accounts as journals are processed including their balances.
A trial balance consists a list of all the accounts, ledger codes and their balances at a particular time period and the total of all the accounts must be zero in a trial balance.
Although all the four elements: account, journal, ledger and trial balance are all interwoven and have to operate in unison, the definition in the question is for account. An account gives you detailed changes in all the elements of the financial statements.
Answer – Elimination period
In insurance, elimination period refers to the time between the
disabling event (e.g. the occurrence of an injury or illness) and the beginning
of payments in the disability coverage (i.e. when payments of insurance benefits are received from the
insurer<span>)</span>
Answer: Prevention cost is used to protect equipments and assets and as such is an investment.
Explanation:
Prevention cost like the name suggests is a cost incurred in the process of keeping a machine or equipment in a working condition to avoid a future breakdown which might lead to a loss in profit for the company. This is why it is referred to as an investment because it is done to prevent the loss of profit due to downtime a breakdow of the machine or equipment would cause.
Failure cost is a true cost because it arises from a loss incurred by the company through production or it capital invested in the business.
