Examlex
Which of the following is a mathematical tool that can be useful in assessing relative importance while resolving the issue of what business function is the most critical?
Management By Exception
A management strategy where only significant deviations from set standards are addressed, allowing managers to focus on critical issues.
Desired Performance
The expected or targeted level of output or outcome that an organization or individual aims to achieve.
Actual Performance
The real, observed output or results of an individual's or organization's work, as opposed to expected or theoretical outcomes.
Managerial Attention
The focus and prioritization that managers give to specific issues, projects, or tasks.
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