What happens if you don't approve a transaction?

When a transaction is not approved, it typically remains in a pending state until an appropriate individual, such as an Approving Official, reviews and either approves or denies it. This pending status allows for oversight and ensures that proper authorization is obtained before any funds are disbursed.

The pending state serves a crucial function within the transaction workflow; it prevents unauthorized spending and allows filters in place to maintain budgetary control. By keeping transactions pending, organizations can reduce the likelihood of fraud or mismanagement of funds, ensuring that all expenditures are subject to scrutiny before they are finalized.

Thus, the correct answer reflects the necessary processes within transactional approvals, where pending transactions must be managed carefully by the design of the system to maintain financial integrity.