Home » mcq » Management information systems » A periodic report can facilitate management by exception by A. including complete alphabetic descriptions for each numeric entry B. including only those transactions that fall within predetermined limits of acceptable performance C. consolidation of multiple transactions into a summary form D. comparing actual performance with acceptable standards E. None of the above
including complete alphabetic descriptions for each numeric entry
including only those transactions that fall within predetermined limits of acceptable performance
consolidation of multiple transactions into a summary form
comparing actual performance with acceptable standards E. None of the above
Answer is Right!
Answer is Wrong!
The correct answer is: D. comparing actual performance with acceptable standards.
Management by exception is a management
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style that focuses on identifying and addressing only those issues that deviate significantly from expected results. This can be done by comparing actual performance with acceptable standards, which can be set in advance or based on historical data.
Option A is incorrect because including complete alphabetic descriptions for each numeric entry would make the report more difficult to read and understand.
Option B is incorrect because including only those transactions that fall within predetermined limits of acceptable performance would not allow managers to identify all areas where performance is not meeting expectations.
Option C is incorrect because consolidation of multiple transactions into a summary form would not allow managers to see the details of each transaction.
Option E is incorrect because all of the above options would facilitate management by exception.