The Term "Management by Exception" Is Best Defined As

question 82

Multiple Choice

The term "management by exception" is best defined as:

• A)choosing exceptional managers.
• B)controlling actions of subordinates through acceptance of management techniques.
• C)investigating unfavorable variances.
• D) Devoting management time to investigate significant variances.
• E)controlling costs so that non-zero variances are treated as "exceptional."

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Definitions:

Social Security Payments

Regular payments made by the government to support individuals who are retired, disabled, or otherwise entitled to receive such benefits according to social welfare programs.

Equilibrium Quantity

The quantity of goods or services supplied and demanded at the equilibrium price.

Excise Tax

A tax imposed on specific goods, such as tobacco and alcohol, usually aimed at reducing consumption of these goods or generating revenue.