Final answer:
The statement is True; Electronic Data Interchange (EDI) is indeed a system that lets companies exchange standardized documents through computer networks, enhancing trade efficiency.
Step-by-step explanation:
True or False: Electronic Data Interchange is a communication procedure between two companies that allows the exchange of standardized documents through computers. The statement is True. Electronic Data Interchange (EDI) allows for the computer-to-computer exchange of business documents in a standardized electronic format between business partners. This technology supports the efficient management of production and sales activities over long distances, simplifying the telecommunications infrastructure required for doing business. Additionally, it plays a key role in enabling companies to handle transactions such as purchase orders, invoices, and shipping notices more rapidly and with fewer errors compared to traditional paper-based methods. EDI is a testament to how telecommunications advancements, including the conversion of files into binary data for transmission, and international agreements have facilitated increased trade by lowering costs and improving efficiency in economic connections.