Cost Variances Are Ignored Under Management by Exception

question 181

True/False

Cost variances are ignored under management by exception.

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Definitions:

Notice

Formal communication or announcement necessarily made to inform a party of certain legal processes or actions.

Assigned Benefits

The transfer of the right to receive benefits from a policy or agreement, such as insurance, from the original beneficiary to another party.

Equitable Remedy

The requirement that a party do something or refrain from doing something, beyond the payment of money.

Injunction

A court order preventing someone from performing a particular act.