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Which of the following statements is a good description of the variances that should be investigated under the management by exception concept? a. All variances

Which of the following statements is a good description of the variances that should be investigated under the management by exception concept?

a. All variances should be investigated.

b. Only unfavorable variances should be investigated.

c. A small random sample of all variances should be investigated.

d. Unusually large favorable and unfavorable variances should be investigated.

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