The Management Technique Whereby Managers Concentrate on Results That Are

question 144

Multiple Choice

The management technique whereby managers concentrate on results that are outside the accepted parameters is called management by ________.

• A) variance
• B) standard
• C) exception
• D) budget

Grasp the nuances of endorser liability and the order of liability among endorsers and makers of promissory notes.

Comprehend the legal implications of unauthorized signatures and their ratification.

Recognize the conditions under which alterations to promissory notes affect liability.

Understand the roles and liabilities of agents and principals concerning negotiable instruments.

---

Definitions:

Estimate

An approximate calculation or judgment of the value, number, quantity, or extent of something.

Story Problems

Mathematical problems presented in a narrative form, requiring interpretation and solution of the underlying equations.

External Memory Aids

Mnemonic strategies using something outside the person.

Mnemonic Strategy

A technique designed to improve memory by associating new information with familiar patterns, phrases, or images to facilitate recall.