A Company Requires the Controller's E-Approval for All Fixed Asset

question 96

True/False

A company requires the controller's e-approval for all fixed asset purchases in excess of $50,000. Audit software can be used to identify if there are any instances where a fixed asset purchase in excess of $50,000 lacked the controller's e-approval, instead of manual checking.

---

Definitions:

Mental Space

A conceptual area in the mind where thoughts, feelings, and mental activities are processed.

Attentional Blink

A phenomenon where a person may not perceive a visual stimulus if it occurs within a short time (about 200-500 milliseconds) after another stimulus.

Stimulus

An event or object that elicits a specific functional reaction in an organ or tissue.

Heterosexism

An ideology and set of institutional practices that privilege heterosexual individuals and relationships over others, often resulting in discrimination against non-heterosexual people.