Ask Question
25 April, 06:12

An analytical technique used by management to focus attention on the most significant variances and give less attention to the areas where performance is reasonably close to standard is known as: Multiple Choice Management by objectives. Management by variance. Controllable management. Management by exception. Performance management.

+2
Answers (1)
  1. 25 April, 06:22
    0
    Management by exception

    Explanation:

    This is a practice of examining the financial as well as operational results of a business and bringing to management only those differences that show a significant difference between the budgeted and actual amounts. This allows managers to focus on the highly important variances that can affect the growth and profitability of a company significantly. This concept, can however be fine-tuned where small variances are shown but to low-level managers whilst the senior managers will look at the large variances.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “An analytical technique used by management to focus attention on the most significant variances and give less attention to the areas where ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers