Managers Who Properly Apply the Concept Called 'Management by Exception

question 5

Multiple Choice

Managers who properly apply the concept called 'management by exception' will:

• A) investigate only unfavourable variances.
• B) investigate only favourable variances.
• C) always investigate unfavourable and favourable variances regardless of size.
• D) investigate only variances of a certain size or scope.

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Definitions:

Component Bar Graphs

A type of bar graph in which each bar is divided into multiple segments or components, representing different parts of the total for easy comparison and analysis.

Sales Revenues

The total amount of money generated from sales of goods or services before any expenses are subtracted.

Prescription Medicine

drugs that legally require a medical prescription to be dispensed.

Comparative Bar Graph

Two bar graphs combined on one grid, to compare two different sets of comparable data.