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:

Psychological Capital

A person's favorable mental condition, defined by confidence in one's own abilities, a positive outlook, aspirations for the future, and the capacity to recover from difficulties.

Large Bank

A financial institution that possesses significant assets, offers a wide array of services, and operates on a large scale, often internationally.

Well-Being

The state of being comfortable, healthy, or happy; an assessment of an individual's general health, happiness, and life satisfaction.

Leadership Position

A role that entails guiding, directing, or influencing others towards achieving organizational goals or objectives.