How does the approval process work when there is more than one approvers?

How does the approval process work when there is more than one approvers?

You can set how the approval must take place by selecting one of the following options:
Anyone: Any of the approvers can approve the record.
Everyone: All the approvers must approve the record. You can choose if it should be in parallel or in sequence.
Sequential: The record will only be sent to the next approver in the queue when it is approved or rejected by the previous approver. The approver at the top of the list is the first approver.
Parallel: All the approvers must approve the record simultaneously.
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