Which of the Following Statements About Management by Exception Is

Multiple Choice

Which of the following statements about management by exception is incorrect?

A) Managers concentrate on results that are outside the accepted parameters.
B) There is no need to investigate variances that are less than 20% of the budgeted amount.
C) Exceptions can be expressed as a percentage of a budgeted amount or a dollar amount.
D) Many companies use a combination of percentages and dollar amounts.