Corporate policy that requires a purchasing agent and purchasing department manager to sign off on asset purchases over $1,500 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 particular type of transaction (asset purchases) and is limited to purchases over a certain dollar amount. General authorization would apply to a wider range of transactions and may not have a monetary limit, while special and generic authorization are not commonly used terms in this context.

Corporate Policy That Requires a Purchasing Agent and Purchasing Department