The Purchase of Fixed Assets Is Likely to Require Different

question 70

Multiple Choice

The purchase of fixed assets is likely to require different authorization processes than the purchase of inventory.Which of the following is not likely to be part of the authorization of fixed assets?

• A)Specific authorization
• B)Inclusion in the capital budget
• C)An investment analysis or feasibility analysis of the purchase
• D)Approval of the depreciation schedule

---

Definitions:

Sound Waves

Vibrations that travel through air or another medium and can be heard when they reach an ear or a similar sensory mechanism.

Vestibular Sense

The awareness of the balance, position, and movement of the head and body through space in relation to gravity’s pull.

Equilibrium

A state of physical balance or a stable situation in which all forces are equal.

Two-Point Threshold

The minimum distance at which two points of contact can be felt as two distinct stimuli.