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Peyton Dewers
on Nov 13, 2024

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Management by exception

A) is most effective at top levels of management.
B) can be implemented at each level of responsibility within an organization.
C) can only be applied when comparing actual results with the master budget.
D) is the opposite of goal congruence.

Management By Exception

A management strategy where only significant deviations from planned results are addressed, focusing managerial attention on the most important issues.

Top Levels Of Management

The highest tier in an organization's management structure, typically including roles like CEO, CFO, and other senior executives responsible for strategic decisions.

Master Budget

A comprehensive financial plan that includes detailed financial statements, forecasts, and budgets, consolidating all aspects of an organization’s financial performance.

  • Apply the concept of management by exception and its importance in organizational control.
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Deeana BarkerNov 18, 2024
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