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How do managers decide which variances are important enough to investigate?
I. By considering whether they are favourable or unfavourable
II. By calculating and investigating all possible variances
III. By considering whether it is large enough to justify investigation
Informal Agency Action
Actions taken by a government agency that do not follow formal rulemaking procedures, often including guidance documents, letters, and advisories.
Formal Rulemaking
A procedure for creating new regulations which involves public notice, opportunities for public comment, and a published draft of the rules.
Informal Policy
Guidelines or practices that are not officially documented but are understood and followed by members of an organization.
Executive Agencies
Agencies of the government responsible for the enforcement and administration of federal laws, usually under the direct control of the President or executive branch.
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