Nevermind. I figured it out. You must log in as the admin account, and click on the settings hyperlink which takes you to
Home › Edit Group Settings
At this point you can set all different types of karma threshold limits
Upvote,
Downvote,
Answer own question immediately,
Accept own answer,
Accept any answer,
Flag offensive,
Leave comments,
Delete comments posted by others,
Delete questions and answers posted by others,
Upload files,
Insert clickable links,
Insert link suggestions as plain text,
Close own questions,
Retag questions posted by other people,
Reopen own questions,
Edit community wiki posts,
Edit posts authored by other people,
View offensive flags,
Close questions asked by others,
Lock posts,
Post answers and comments by email,
Trigger email notifications,