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Approval (Authorization)limits the Initiation of a Transaction or Performance of an Activity

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Approval (authorization)limits the initiation of a transaction or performance of an activity to selected individuals.


Definitions:

Creative Solutions

Innovative and unique solutions developed to solve problems or address challenges in new ways.

Established Decision Rule

A predefined guideline or criterion that assists in the decision-making process, helping to choose among alternatives.

Rational Model

A decision-making model based on logically analyzing all alternatives and choosing the most optimal solution based on predetermined criteria.

Managerial Decision Making

The process by which managers select among available options to make choices that will benefit their organization.

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