Which of the following statements BEST describes management by exception?
A) Management investigates only unfavorable variances.
B) Management investigates all variances that are exceptions to the usual trends.
C) Management investigates all variances.
D) Management investigates only variances of significant magnitude.

Question

Quizplus · Accepted Answer

Management by exception involves focusing on significant deviations from the norm, allowing managers to concentrate on areas that require attention.

Which of the Following Statements BEST Describes Management by Exception