Question

Corrective action is a control principle that states that managers should be informed of a situation only if data show a significant deviation from standards is called__________.

Answer 1

The answer is Management by exception (MBE)

Step-by-step explanation:

Management by exception (MBE) is a management style where only information relating to deviation of actual performance from standard are brought to management attention. in this type of management practice, managers only receive report of variance and where they are not able to take a remedial action such a situation is passed to a more senior level of management.

Managers are only concerned with results that depart significantly from established or expected standard for corrective action.

Answer 2

Management by exception.

Explanation: It is a management style in business that focuses only on dealing with cases that are beyond the norm or exceptional, It is a good strategy in project management.

The main purpose of this management style is to bring to the notice of the management only important situations that shows variation to the business out.

Advantages of Management by exception.

• It help employees to adopt their own approach to achieve results thereby serving as a motivation to them.

• It helps the management to make good use of their time.