Grant is running his usual weekly report in connection with this current project.Today,he notices that the numbers are very different from their normal range.Because variance in the numbers usually means there is some issue with cash flow,Grant takes the report to his supervisor for assistance.Grant's decision to involve his supervisor is an example of ______________.
A)Observation
B)The Exception Principle
C)Special Reports
D)Audits

Question

Quizplus · Accepted Answer

Grant's action of involving his supervisor due to the unusual numbers is an example of the Exception Principle. This principle involves focusing on anomalies or exceptions that deviate from the norm to identify potential issues or risks. In this case, the variance in the numbers could indicate a problem with cash flow, and Grant's decision to involve his supervisor is a proactive step towards addressing this potential issue.

Grant Is Running His Usual Weekly Report in Connection with This