With a Management by Exception System

question 61

Multiple Choice

With a management by exception system:

• A) significant unfavourable variances are investigated.
• B) significant favourable variances are investigated.
• C) significant variances are investigated.
• D) all variances are investigated.

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Definitions:

Performance Targets

Levels or rates of improvement that management wants to achieve for performance metrics.

Employee Incentives

Rewards or benefits offered to employees to motivate them and improve their job performance.

Strategy Map

Arrows added to the balanced scorecard showing the expected cause-and-effect relationships among strategic objectives.

Value Chain

The full range of activities that businesses go through to bring a product or service from conception to delivery to the consumer.