Management by Exception Is Used to Determine Which Large Variances

question 122

True/False

Management by exception is used to determine which large variances to investigate.

---

Definitions:

Assignment

A contracting party’s transfer of his or her rights to a contract to a third party.

Personal in Nature

Refers to anything related to or affecting a person individually, rather than businesses or entities.

Condition Precedent

A condition in a contract that must be met before a party's promise becomes enforceable.

Parol Evidence Rule

A legal principle that prevents parties to a written contract from presenting extrinsic evidence of terms that contradict or modify the written terms of the contract.