Asked by Shania Gaston on May 22, 2024
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A management approach that focuses attention on significant differences from plans and gives less attention to areas where performance is reasonably close to standards is known as ________.
Management Approach
The management approach refers to the strategies and methods employed by a company's leadership to achieve its objectives and manage its resources.
Significant Differences
Notable or substantial variations between two or more items, figures, or outcomes.
Standards
Established benchmarks or norms that are used for measuring performance or compliance.
- Identify the significance of management's focus on variances from plans.
Verified Answer
Learning Objectives
- Identify the significance of management's focus on variances from plans.
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