A Policy Stating That the Board of Directors Must Approve

question 93

Multiple Choice

A policy stating that the board of directors must approve all expenditures for capital assets in excess of $50,000 is an example of

• A)specific authorization.
• B)general authorization.
• C)adequate documentation.
• D)proper procedures.
• E)an independent check.

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Definitions:

Capacitive Reactance

The measure of opposition that a capacitor presents to alternating current, depending on the frequency of the current and the capacitance value.

Capacitive Reactance

A measure of opposition that a capacitor offers to alternating current (AC), dependent on the frequency of the current and the capacitor's capacitance.

Applied Frequency

The frequency, typically measured in hertz (Hz), at which an alternating current (AC) is supplied to a circuit or device.

Capacitor

An electronic component that stores electrical energy in an electric field, commonly used in circuits to filter, stabilize, or store voltage temporarily.