The Delray Beach approval matrix requires owner approval for administrative purchases over $25,000. A proposed software renewal is $42,000. What record should be in the file before ordering?
Correct Answer
B) written owner approval
When a purchase exceeds the approval threshold, the file should include written approval before the commitment is made.
Why This Is the Correct Answer
When a purchase exceeds the approval threshold, the file should include written approval before the commitment is made.
Why the Other Options Are Wrong
Option A: subcontract routing record
subcontract routing record puts the item in the wrong financial bucket, timing, base, or comparison for approval authority.
Option C: office renewal calendar
office renewal calendar puts the item in the wrong financial bucket, timing, base, or comparison for approval authority.
Option D: unapproved supplier quote
unapproved supplier quote puts the item in the wrong financial bucket, timing, base, or comparison for approval authority.
Memory Technique
Approval Authority drawer for Office Manager: label purchase before counting dollars.
Reference Hint
Open-book path: tab Contractor's Manual, 2025 to Business Administration, Approval Authority and Delegation; verify the record, approval, or control duty before selecting the answer.
More Business & Finance Questions
The Cedar Key subcontract closeout file requires 44 final releases, and 31 have been received. How many releases are missing?
A Florida GC prepaid $18,000 for annual insurance and expenses it evenly by month. After 7 months have expired, what prepaid asset remains?
The West Miami system access list starts with 22 active users, adds 4, and removes 7. How many active users should remain?
The Winter Park bank review shows a bank balance of $124,600, book balance of $119,400, and known timing items of $3,200. What unexplained difference remains?
The Riverview bank review shows a bank balance of $87,500, book balance of $90,400, and known timing items of $1,600. What unexplained difference remains?
A Satellite Beach contractor had 4 separations during the quarter and an average headcount of 32. What turnover rate should HR report?
A Winter Park startup budgets monthly overhead of $61,500 and wants a 4-month operating reserve. What reserve should be funded?
A Royal Palm Beach customer account has unpaid approved invoices of $126,000. Company policy requires review when unpaid invoices exceed $100,000. What status applies?
A Wildwood contractor had 9 separations during the quarter and an average headcount of 60. What turnover rate should HR report?
A Clermont field group had 64 absence hours out of 1280 scheduled hours. What absence rate should be reported?