B4 - The Internet - Implications for Business

Question 1

In relation to electronic data interchange (EDI), what is mapping?

Answer 1

The process of determining the correspondence between data elements in an organization’s terminology and data elements in standard EDI terminology (basically, the translation key)

Question 2

What is the greatest risk to EDI?

Answer 2

Unauthorized access

Question 3

What are the three cloud computing services?

Answer 3

IaaS - infrastructure-as-a-service (rent storage, hardware, etc)
PaaS - platform-as-a-service (rent virtual servers)
Saas - software-as-a-service (rent applications (ASP))

Question 4

T/F: Engaging in traditional electronic data interchange (EDI) reduces the likelihood of stockout costs

Answer 4

True