Questions: A company is choosing an EDI methodology to allow smaller and larger companies to send and receive information about their business transactions. Which solution is best? a. Faxing Paper Documents b. Open Electronic Data Interchange c. Traditional Electronic Data Interchange d. Virtual Provider Network

The answer is b: Open Electronic Data Interchange.

Explanation for each option:

a. Faxing Paper Documents: This is not an efficient or modern method for exchanging business transaction information. It is slow, prone to errors, and not suitable for automated processing.

b. Open Electronic Data Interchange: This solution is designed to facilitate the exchange of business transaction information between companies of different sizes. It is more flexible and accessible than traditional EDI, making it a suitable choice for both smaller and larger companies.

c. Traditional Electronic Data Interchange: While this is a reliable method for exchanging business information, it can be costly and complex to implement, especially for smaller companies. It often requires specific infrastructure and agreements between trading partners.

d. Virtual Provider Network: This option is not typically associated with EDI methodologies. It generally refers to a network of healthcare providers or similar services, not a method for exchanging business transaction data.

In summary, Open Electronic Data Interchange is the best solution for allowing both smaller and larger companies to send and receive information about their business transactions efficiently and effectively.