An accounting policy that requires a purchasing manager to sign off on all purchases over $10,000 is an example of
A)general authorization.
B)specific authorization.
C)special authorization.
D)generic authorization.

Question

Quizplus · Accepted Answer

This is an example of specific authorization as it applies to a specific dollar threshold and a specific role (purchasing manager) within the organization. General authorization would be broader and apply to a range of activities or individuals, while special or generic authorization are not commonly used terms in accounting.

An Accounting Policy That Requires a Purchasing Manager to Sign