Maya, the owner of the firm, sets production target for each day and month, in consultation with the Production Manager and supervisors. They decided that deviation between standard production and actual production up to 5% is acceptable. Deviations beyond this, should be reported. Identify the concept mentioned above.

Question

Option 1: Management by Exception

Option 2: Key Responsibility Areas

Option 3: ROI

Option 4: Budgetary Control

AfterBoards · Accepted Answer

The answer is 'Management by Exception'. View full solution:

CUET Business Studies 2022 30 Aug Shift 1 PYQs

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