Since electronic data interchange (EDI) transactions are business contracts and often involve large amounts of money, the existence of an independent audit log helps establish _____
a. secrecy b. abrogation
c. nonrepudiation d. privacy
c
You might also like to view...
Disintermediation occurs when product or service producers cut out intermediaries and sell directly to final buyers
Indicate whether the statement is true or false
Which of the following actions can enable companies to gain a cost competitive advantage?
a. Removing frills from products b. Increasing marginal customers c. Eliminating reverse engineering efforts d. Developing additional exclusive functional departments
Sanco contracted to sell 1,000 cases of oil to AMF. The oil is located in a public warehouse, which has issued a warehouse receipt for it. Which of the following is correct?
a. The risk of loss passes to the buyer when the contract is made. b. The risk of loss passes to the buyer when the goods are tendered to him. c. The risk of loss passes to the buyer when the warehouse receipt is delivered to the buyer. d. The risk of loss passes to the buyer when the buyer gets the oil to its final destination.
Why would cash sales companies, such as Wendy's, Domino's, and Krispy Kreme have accounts receivables on their financial statements?
What will be an ideal response?