An Analytical Technique Used by Management to Focus Attention on the Most

question 90

Multiple Choice

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

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

---

Definitions:

Qualified Expenses

Expenses deemed deductible or eligible for tax-advantaged treatment under various IRS rules.

Gross Income

The total amount of income earned by an individual or entity before any deductions or taxes are applied.

Earned Income Credit

A refundable tax credit for low to moderate-income working individuals and families, particularly those with children.

Qualifying Child

A dependent of a taxpayer who meets specific IRS criteria for age, relationship, residency, and support for tax benefits.