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"Only Significant deviations which go beyond the permissible limit should be brought to the notice of management" Identify the technique being referred in analysing deviation.

Solution

Correct Option: 1

Management by Exception is based on the principle that only significant deviations that go beyond the permissible limit should be brought to the notice of management. It saves time and lets management focus on important deviations. Hence, the correct answer is Management by Exception.

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