Management by Exception Means

question 55

Multiple Choice

Management by exception means:

• A) understanding that exceptional circumstances may affect expected results.
• B) only variances that differ significantly from plan are investigated.
• C) exceptional staff are rewarded.
• D) responsibility is delegated.

---

Definitions:

Personal Watercraft

A recreational water vehicle that one rides on, rather than inside of, such as a jet ski.

Nonconforming Goods

Products delivered to a buyer that do not meet the specifications, quality, or standards agreed upon in a contract.

Reasonable Notice

Advance warning or notice given within a fair timeframe, typically in the context of employment or legal procedures.

Benefit of the Bargain

is a legal principle in contract law that awards damages equal to the expected benefits under a contract that were lost due to breaches by the non-performing party.