"Management by exception" is an approach to the "check" and "adjust" phases of the business planning analysis process that is most often focused on:
A) Profit variances.
B) Unfavorable variances.
C) Both favorable and unfavorable variances.
D) Sales volume variances.

Question

Quizplus · Accepted Answer

Management by exception primarily focuses on identifying and addressing unfavorable variances from planned performance, allowing managers to concentrate on significant deviations that could indicate problems needing corrective actions.

"Management by Exception" Is an Approach to the "Check" and "Adjust