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 __________________________.
Option 1: Critical point control
Option 2: Management by exception
Option 3: Control by exception
Option 4: Both B and C
Answer (1)
9th Jan, 2024
Correct Answer:
Both B and C
Solution :
After identifying the major deviation, the cause need to be analysed. It is necessary to identify the exact cause so that an appropriate corrective action can be taken. This falls under management by exception or controlled by exception.
Hence Option D is correct.
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