Final answer:
The exchange of standardized business documents electronically among partners is facilitated by an Interorganizational Information System, a concept fostered by improvements in telecommunications and the global expansion of markets.
Step-by-step explanation:
The electronic data interchange of purchase orders, invoices, and receiving reports in a standard format among business partners is an example of an Interorganizational Information System. This type of system facilitates the automated transaction of business documents between companies, promoting efficiency and reducing costs associated with manual processes.
Such systems are possible thanks to advancements in telecommunications that have allowed for easier and cheaper management of long-distance economic connections of production and sales, as well as the globalization of markets where businesses can connect with partners worldwide.