One Advantage of the Management-By-Exception Approach Is That It ________

question 114

Multiple Choice

One advantage of the management-by-exception approach is that it ________.

• A)frees managers from needless concern over operations that adhere to plans
• B)allows managers to ignore aspects of the business outside their area of expertise
• C)allows managers to ignore day-to-day operations
• D)allows managers to ignore problem situations

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Definitions:

Underestimating Cost

The act of calculating or predicting a cost to be lower than it eventually turns out to be.

Personally Liable

The legal responsibility of an individual to fulfill a debt or obligation from their own assets.

Partnership Debt

Financial obligations for which all partners in a partnership are jointly and severally liable.

New Ovens

Recently manufactured or acquired cooking appliances designed for baking, heating, or drying food.