Question 1
To minimize the number of checks that need to be written to pay vendor invoices, a company should use
◦ a voucher system.
◦ a just-in-time inventory system.
◦ a nonvoucher system.
◦ an evaluated receipt settlement system.
Question 2
Evaluated receipt settlement increases efficiency by
◦ eliminating the need for receiving reports.
◦ eliminating the need for vendor invoices.
◦ eliminating the need for purchase orders.
◦ eliminating the need to prepare and mail checks.