Question : According to this principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit.

Option 1: Critical point control

Option 2: Critical performance control

Option 3: Management by exception

Option 4: Management by interpretation.

Question

Question : According to this principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit.

Option 1: Critical point control

Option 2: Critical performance control

Option 3: Management by exception

Option 4: Management by interpretation.

Team Careers360 · Accepted Answer

Correct Answer: Management by exception

Solution : According to the management of exception, principle of management control, managers should give attention to significant deviations, which go beyond the permissible limit.
Hence Option C is correct.

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Question : If actual labour costs within an acceptable range of deviation, then it can be ignored. However, If it deviates by 15% then it needs immediate attention of management.
Above statement is a part of __________________________.