Final answer:
Adjustments to original acquisition costs are commonly approved by the Contracting Officer, who oversees procurement contracts and ensures compliance with organizational policies.
Step-by-step explanation:
When considering adjustments to original acquisition costs within an organizational framework, typically, the Contracting Officer must approve any changes or adjustments. The Contracting Officer is responsible for overseeing procurement contracts and ensuring that all financial transactions and adjustments align with contractual agreements and organizational policies. Their role is paramount in maintaining financial integrity and controlling asset management within an institution or a business.