An analytical technique used by management to focus on the most significant variances and give less attention to the areas where performance is satisfactory is known as:
A) Controllable management.
B) Management by variance.
C) Performance management.
D) Management by objectives.
E) Management by exception.

Question

Quizplus · Accepted Answer

Management by exception is an analytical technique that involves focusing on significant variances that require attention or corrective action while giving less attention to areas where performance is satisfactory or within expectations. This approach helps management to allocate their time and resources efficiently, and focus on areas that require urgent attention.

An Analytical Technique Used by Management to Focus on the Most