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Unit 3: Assignment
Instructions – Essays
Essay Question 182
Complete
the essay questions in one Word document and submit to the Dropbox:
Management
by exception focuses only on those variances management considers important.
List three factors that managers use in deciding whether or not to investigate
a variance and give an example of each.
Essay Question 183
Managers
use budgeting to control and evaluate their operations. Two types of budgets
that are discussed in chapter 6 are the static budget and the flexible budget.
How do the two budgets differ and explain how the flexible budget is used in
evaluating performance.
You
must access your unit Assignment exercises and problems in WileyPLUS. All of
the problems and exercises should be completed within WileyPLUS except the two
essay questions 182 and 183 which should be created in one Word document and
uploaded to the Dropbox for Unit 3 Assignment before the end of the unit. Your
grade will be automatically entered in the gradebook after you submit your
responses for the WileyPLUS portion. Your essay portion will be graded by your
instructor.
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