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:

Audition

The process of hearing or the ability to hear.

Vestibular Sense

The sensory system that contributes to balance and spatial orientation by detecting changes in motion and the position of the head.

Perception

The process by which individuals interpret and organize sensory information to understand their environment.

Stroboscopic Movement

an optical illusion in which continuous motion is represented by a series of short or instantaneous samples, as seen in motion pictures.