What Is It Called When Managers Look at the Size

question 114

Multiple Choice

What is it called when managers look at the size of the variances between actual results and budgeted amounts in order to determine which variances should be investigated?

• A) Management by variance
• B) Management by budget
• C) Management by exception
• D) Management by decision

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Definitions:

Building Approach

A method or strategy applied in the development or construction of something.

Active Search

The proactive endeavor to find information or resources using various methods and tools.

Idea Generation

The creative process of generating, developing, and communicating new ideas, where an idea is understood as a basic element of thought that can be visual, concrete, or abstract.

Scalable

Describes a system or process that can handle a growing amount of work or an ability to be expanded to accommodate that growth.