What should a manager immediately approve by signature?

The correct response highlights the importance of oversight in financial transactions, particularly those that can lead to loss or fraud. By requiring managerial approval for voids and overrings that exceed a specific threshold, the organization implements a control mechanism designed to deter potential misuse or errors within the transaction process.

Voids and overrings often indicate corrections to pricing errors or fraudulent activity if not monitored closely. A manager's signature on these transactions serves as a checkpoint, providing an additional layer of scrutiny. This practice not only ensures that all significant alterations to transaction records are accounted for and justified but also allows management to analyze patterns in these transactions, which may indicate larger operational issues or training needs within the staff.

Setting a specific threshold ensures that transactions of minor importance do not overwhelm managerial oversight, allowing management to focus on more significant discrepancies that could impact the organization's bottom line. This systematic approach is fundamental in retail and finance sectors where accuracy and integrity of financial reporting are paramount.