1. If a company is growing, it is common to expect purchases, inventory, and _______.

a. accounts receivable to grow at approximately the same rates

b. accounts receivable to grow at different rates

c. accounts payable to grow at approximately the same rates

d. accounts payable to grow at different rates

2. An evaluated receipt settlement (ERS) system is:

a. a highly automated process associated with the initiation of a purchase transaction.

b. a highly automated business process between suppliers and purchasers to exchange data electronically to execute a purchase transaction.

c. a highly automated process between suppliers and purchasers to manage the receipt of goods.

d. a highly automated business process between retailers and customers to receive payment electronically for a purchase transaction.