Examlex
Divide:
Actual Operations
The real activities and processes conducted by a business in producing its goods or services, as opposed to theoretical planning.
Planned Results
The expected outcomes or objectives set by a business or project before the commencement of activities, often used as a basis for performance evaluation.
Favorable Results
Outcomes that are positive or beneficial, usually exceeding expectations.
Management by Exception
A management strategy where only significant deviations from planned results are brought to the attention of management.
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