In the case of high-dollar assets, there should be a strict approval process that requires the authorization of top management or the initiation of the capital budgeting procedures.

Question

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High-dollar assets represent a significant investment for the company, therefore it is important to have a strict approval process that ensures the investment aligns with the company's strategic goals and financial capabilities. This typically involves the involvement of top management and/or the initiation of the capital budgeting procedures.

In the Case of High-Dollar Assets, There Should Be a Strict