Which of the following statements is false, related to the authorization of transactions?
A)Every transaction that occurs must be properly authorized in some manner.
B)General Authorization is the set of guidelines that allows transactions to be completed as long as they fall within established parameters.
C)It is not possible, nor is it important, to try to ensure that an organization engage only in transactions that are authorized.
D)Specific authorization that explicit approval is needed for that single transaction to be completed.

Question

Which of the following statements is false, related to the authorization of transactions?
A)Every transaction that occurs must be properly authorized in some manner. 
B)General Authorization is the set of guidelines that allows transactions to be completed as long as they fall within established parameters.
C)It is not possible, nor is it important, to try to ensure that an organization engage only in transactions that are authorized.
D)Specific authorization that explicit approval is needed for that single transaction to be completed.

Quizplus · Accepted Answer

It is false that it is not important to ensure that an organization engages only in authorized transactions. It is critical to prevent fraud, errors, and unauthorized access to sensitive information. The other statements are true.

Which of the Following Statements Is False, Related to the Authorization