Evaluated Receipts Settlement Is ________

question 77

Multiple Choice

Evaluated Receipts Settlement is ________.

• A) a streamlined process that bypasses paper documents altogether
• B) a process that eliminates the need for separation of duties
• C) a procedure that compresses the payment approval process into a single step by comparing the receiving report to the purchase order
• D) an organizational plan and all the related measures adopted by an entity to safeguard assets, encourage employees to follow company policies, promote operational efficiency, and ensure accurate and reliable accounting records

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Definitions:

Real Scale

An accurate, one-to-one representation of an object or design, without any enlargement or reduction in size.

Title Block

A section of a drawing or document reserved for information about the drawing, typically including the drawing number, project name, and specific details about the drawing's creation and revision history.

Lettering

The act or process of adding letters or inscriptions to objects, documents, or surfaces, often for identification, decoration, or communication purposes.