How does the management by exception concept relate to budgeting?
How does the management by exception concept relate to budgeting? Management by exception (MBE) is a practice where only significant deviations from a budget or plan are brought to the attention of management. The idea behind it is that management’s attention will be focused only on those areas in need of action. What does management … Continue reading How does the management by exception concept relate to budgeting?
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