All of the following statements are correct about management by exception except it

enables top management to focus on problem areas that need attention.

requires that there must be some guidelines for identifying an exception.

means that management has to investigate every budget difference.

means that top management's review of a budget report is focused primarily on differences between actual results and planned objectives.

Question

Business

Tiki

22 December, 04:32

All of the following statements are correct about management by exception except it

enables top management to focus on problem areas that need attention.

requires that there must be some guidelines for identifying an exception.

means that management has to investigate every budget difference.

means that top management's review of a budget report is focused primarily on differences between actual results and planned objectives.

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Answers (1)

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Laurel Boyer · Answer 1

means that management has to investigate every budget difference.

Explanation:

Management has an exception as the practice f examining the financial and operational results of a business. Only bringing the issues to the attention of management when substantial differences in budgets or within the expected amount. The concept assumes that business managers handle cases that derive them from the norms and have the main disadvantage of calculation mistakes that results from a large variety of data and finding errors to be consuming activity.