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Which of the following statements BEST describes management by exception? a. Management investigates all variances. b. Management investigates only variances that have occurred multiple times.

Which of the following statements BEST describes management by exception?

a. Management investigates all variances.

b. Management investigates only variances that have occurred multiple times.

c. Management investigates only variances of significant magnitude.

d. Management investigates only unfavorable variances.

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