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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


Team Careers360 11th Jan, 2024
Answer (1)
Team Careers360 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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