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You work for a new startup company that has grown from 2 to 1 0 0 0 employees in five years. You notice that there

You work for a new startup company that has grown from 2 to 1000 employees in five years. You notice that there are not many explicity written down rules about who can approve purchases in your department. Currently, it seems like anyone on your team can do approvals, which you know is not standard practice and not what the company wants to happen. This ____ is a problem because unethical leaders may take advantage of this oversight in regulation; so, you start writing a formal procedure.

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