Transaction Authorisation Within an Organisation May Be Either Specific or General

question 78

Multiple Choice

Transaction authorisation within an organisation may be either specific or general. An example of specific transaction authorisation is the:

• A) setting of automatic reorder points for material or merchandise.
• B) approval of a detailed construction budget for a warehouse.
• C) establishment of requirements to be met in determining a customer's credit limits.
• D) establishment of sales prices for products to be sold to any customer.

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Definitions:

Domestic Firm

A company that operates primarily within the borders of its home country and caters to the local market.

Overseas Markets

Overseas Markets denote the markets located outside the country of origin where goods, services, and investments are traded.

Existing Capabilities

The current skills, technologies, processes, and resources that an organization possesses.

PEST Analysis

A strategic management tool used to evaluate the Political, Economic, Social, and Technological external factors affecting an entity.