A Management Exception Known as the ___ Occurs When Actual

question 153

Multiple Choice

A management exception known as the ___ occurs when actual performance is above the standard.

• A) original assumption
• B) expected end result
• C) predicted end result
• D) opportunity situation
• E) intended course of action

Acquire knowledge about the management by objectives (MBO) cycle and its steps.

Recognize the tools and techniques for project and time management such as PERT and Gantt charts.

Appreciate the evolving role of project management in technology-driven environments.

Understand the concept and importance of critical thinking in guiding belief and action.

---

Definitions:

Specific Goods

Items that are identified and agreed upon at the time a contract of sale is made, distinct from generic or interchangeable goods.

Point of Delivery

The specific location or moment when the transfer of goods or services from a seller to a buyer is considered complete.

Competition Act

Legislation aimed at preventing anti-competitive practices in the marketplace, protecting consumers and ensuring fair trade.

Anti-competitive Practices

Business actions that prevent or reduce competition in a market, which can include monopolies, cartels, and predatory pricing.