Management by exception is the practice of concentrating on
A)the master budget variances.
B)on areas where performance fails to meet expectations.
C)favourable variances.
D)unfavourable variances.
E)exceptional results.

Question

Quizplus · Accepted Answer

Management by exception focuses on areas where performance does not meet expectations, rather than just looking at overall results or variances. This allows managers to address issues quickly and efficiently, rather than spending time on areas where performance is already meeting or exceeding expectations.

Management by Exception Is the Practice of Concentrating on