Question : "In all activity, some variation in performance is to be expected. Determining the allowable range of deviations is crucial, for this reason. Additionally, variations in important areas of the business require more immediate attention than deviations in a few minor areas." Which managerial control idea or technique was highlighted above?
Option 1: Management by Exception
Option 2: Critical Point Control
Option 3: Both (1) and (2)
Option 4: Budgetary Control
Answer (1)
23rd Jan, 2024
Correct Answer: Both (1) and (2)
Solution :
Following are the reasons for managerial control ideas:
1. Management by exception
2. Critical Point Control
Hence, the correct option is 3.
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