Which of the Following Statements Regarding Evaluated Receipt Settlement (ERS)

question 103

Multiple Choice

Which of the following statements regarding evaluated receipt settlement (ERS) is false?

• A) ERS is a system by which an organization pays for a purchase on the basis of the goods receipt.
• B) ERS can reduce the costs associated with entering invoices, matching the invoice with the PO and receiving report, and resolving discrepancies between the invoice and the PO and goods receipt.
• C) ERS arrangements are only made with vendors who have proven e-payment records.
• D) Upon receipt of the goods, the AP/CD system compares the received quantity to the open purchase quantity and, if appropriate, makes a payment based on the price and terms on the PO.

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Definitions:

Alveoli

Tiny air sacs in the lungs where the exchange of oxygen and carbon dioxide takes place.

Alveolar Ducts

Tiny ducts in the lungs that connect the bronchioles and alveolar sacs, facilitating gas exchange.

Terminal Bronchioles

The smallest air passages in the lungs that lead to the alveolar ducts, playing a crucial role in the transfer of oxygen and carbon dioxide.

Respiratory Bronchioles

The smallest airways in the respiratory system, through which air passes before reaching the alveolar sacs for gas exchange.