When Managers Apply the Process of "Management by Exception

Multiple Choice

When managers apply the process of "management by exception":

A) they take action when there is a significant variance between planned and actual results.
B) they take action when there is a variance of any size or amount between planned and actual results.
C) they are allowed to use standard costs rather than actual costs on financial statements issued to decision makers.
D) they are not required to compute the standard cost of making a product.