When Business Owners Sell Off Parts of Their Organization to Refocus

question 11

Short Answer

When business owners sell off parts of their organization to refocus attention on core business areas it is called a(n) _________.

---

Definitions:

Controllable Variance

The difference between actual and budgeted performance that can be directly managed or controlled by responsible managers.

Actual Direct Labor Hours

The actual amount of labor time spent on producing goods, tracked to assess efficiency and productivity.

Management By Exception

A management strategy where managers intervene only when performance deviates significantly from standards, allowing them to focus on significant issues.

Variances Reports

Financial reports that compare actual financial results to the budgeted or standard costs, highlighting deviations.