What is management by exception?
A) It is the point where performance objectives identify key results that one wants to accomplish.
B) It is the situation where outputs are difficult or expensive to measure.
C) It is the point where output standards and input standards are used to carefully document results.
D) It is the point where past experience becomes the baseline for evaluating current performance.
E) It is the practice of giving attention to situations that show the greatest need for action.

Question

Quizplus · Accepted Answer

Management by exception is the practice of giving attention to situations that show the greatest need for action. It involves focusing on discrepancies or variances from expected results and prioritizing resources towards addressing those issues. This approach allows managers to efficiently allocate resources and address the most pressing issues first, rather than expending resources on every issue that arises.

What Is Management by Exception