If Sales Fall 5% Below Budget, the Sales Manager Takes

question 2

Multiple Choice

If sales fall 5% below budget, the sales manager takes no action.If, however, sales fall 20% below forecast, the sales manager and the district manager schedule a sales review meeting.This is an example of:

• A) Preventive controls.
• B) Management by exception.
• C) Intangible standards.
• D) Management by objectives.

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Definitions:

Free Trade

A policy approach where governments do not restrict or impose tariffs on imports and exports between countries, aiming to encourage international trade.

Hispanic Population

A demographic group in the United States and other countries characterized by individuals of Hispanic or Latino origin.

Tariffs

Taxes imposed by a government on imported or exported goods, often to protect domestic industries or to generate revenue.

External Factor

Influences that impact a business or situation from outside its control, such as economic conditions, social trends, or technological advancements.