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Management Finance - Part 1

Management by Exception implies that managers should:

Type: MCQ • Marks: 1
Management by Exception implies that managers should:
Options
A. Personally supervise every minor activity
B. Focus managerial attention primarily on significant deviations from standards
C. Ignore deviations
D. Avoid setting standards
Explanation
Management by Exception improves managerial efficiency by concentrating attention on material deviations rather than routine variations.
UPSC Principal & Vice Principal Management Finance Administration

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