What is the term for analysis that fosters management by exception?
A)value analysis
B)process analysis
C)sensitivity analysis
D)variance analysis

Question

Quizplus · Accepted Answer

Variance analysis is the term for analysis that fosters management by exception. It involves comparing actual results to planned or expected results in order to identify significant deviations or variances, and then focusing management attention on those areas that require intervention or corrective action. This allows management to focus on the most critical issues and prioritize their resources accordingly. Value analysis involves evaluating the costs and benefits of different options, process analysis involves examining how work flows through an organization, and sensitivity analysis involves testing how changes in specific variables might affect outcomes.

What Is the Term for Analysis That Fosters Management by Exception