Associate Professor Knowsmore bought a new laptop for his upcoming conference in Japan.His Head of Department and the department's financial manager alerted Knowsmore that this purchase fell well outside the reasonable range for his expenditure that quarter.What measure of actual performance is being used in this instance?
A) Exception reporting
B) Sales revenue
C) Corrective action
D) Financial accounting
E) None of these choices.

Question

Quizplus · Accepted Answer

Exception reporting is being used to identify the outlier purchase made by Associate Professor Knowsmore. Exception reporting allows for the identification of deviations from expected performance or spending levels.

Associate Professor Knowsmore Bought a New Laptop for His Upcoming