Management by Exception Is the Practice of Concentrating on

question 155

Multiple Choice

Management by exception is the practice of concentrating on

• A)the master budget variances.
• B)on areas where performance fails to meet expectations.
• C)favourable variances.
• D)unfavourable variances.
• E)exceptional results.

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Definitions:

Internal Motive

An intrinsic drive or reason that prompts an individual to act or behave in a certain way, often linked to personal satisfaction or desire.

Negative Stereotypes

Simplified and generally fixed perception of particular groups that is often unfavorable and incorrect.

Externally Motivated

Driven by external rewards or pressures rather than personal interest or intrinsic desire.

Impoverished Background

A situation where an individual or family lives in a state of financial hardship or poverty, lacking sufficient resources for a standard living.