Evaluated Receipts Settlement (ERS) Is _______

question 18

Multiple Choice

Evaluated Receipts Settlement (ERS) is _______.

• A)a highly-automated business process between suppliers and purchasers to exchange data electronically and electronically execute a purchase transaction.
• B)a highly-manual business process between suppliers and purchasers to exchange data electronically and electronically execute a purchase transaction.
• C)a highly-automated business process between suppliers and stockholders to exchange data electronically and electronically execute a purchase transaction.
• D)a highly-manual business process between creditors and purchasers to exchange data electronically and electronically execute a purchase transaction.

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Definitions:

Accounting Oversight Board

A regulatory organization that oversees the audits of public companies to protect the interests of investors and further the public interest in the preparation of informative, fair, and independent audit reports.

Civil and Criminal Penalties

Legal sanctions that can be imposed for violations of law, with civil penalties typically involving fines or damages and criminal penalties involving imprisonment or probation.

Predicate Act

A specific action or crime that forms part of a larger pattern of behavior, often used in reference to the activities constituting racketeering under RICO laws.

White-Collar Crime

Non-violent crime committed by professionals or businessmen, typically involving financial deception or fraud.