IPPSA Release 3 (R3) Check on Learning Practcie Test

Session length

1 / 20

Which statement about a Delegate is correct?

The Delegator may designate a Delegate to approve on their behalf

Delegation in an approvals system lets the person who holds approval authority appoint someone else to act on their behalf. The statement that a Delegator may designate a Delegate to approve on their behalf is correct because it captures the essential idea: you can authorize another person to approve transactions for you when you’re unavailable or want a backup. The primary Approver is the main holder of approval authority, while a Delegate is someone you name to stand in for you, and the exact capabilities of that Delegate (whether they can approve or only review) depend on how the system is configured.

A Delegate is always the same as the primary Approver

Delegates cannot approve transactions

Delegates can only perform reviews without approval

Next Question
Subscribe

Get the latest from Passetra

You can unsubscribe at any time. Read our privacy policy