1. Our course materials this week mention normal versus special capital expenditures.
What are differences and why should management bother to make such a distinction about CapEx projects being special versus normal in terms of scope, purpose, cost, management approvals required?
2. Please offer one specific simple example, and indicate who could probably approve it (lets us say a Local GM, Division Level VP, Corporate CFO) and why you believe one, two or three signatures should be required.
Your reasons can be very simple but there is probably more than one reason that two or more approvals should be required.