An Analytical Technique Used by Management to Focus on the Most

question 65

Multiple Choice

An analytical technique used by management to focus on the most significant variances and give less attention to the areas where performance is satisfactory is known as:

• A) Controllable management.
• B) Management by variance.
• C) Performance management.
• D) Management by objectives.
• E) Management by exception.

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Definitions:

Exploded

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Magnuson-Moss Warranty Act

A federal law established to improve the information consumers receive about warranties and to provide a means of remedy for breach of warranty.

Federal Trade Commission

A U.S. federal agency established to protect consumers and to ensure a strong competitive market by enforcing antitrust and consumer protection laws.