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

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Definitions:

Bankruptcy Reform Act

Legislation intended to overhaul the bankruptcy system, typically making it more difficult for individuals to file for bankruptcy and to discharge certain types of debt.

Debtor's Assets

All the property and financial resources owned by an individual or organization that owes money to creditors.

Title 11

A reference usually to the United States Bankruptcy Code, governing bankruptcy in the United States.

Liquidation Proceedings

Legal processes aimed at winding up a company's operations, selling its assets, and distributing the proceeds among creditors and shareholders.