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Monday, March 7, 2016

Mention the Advantages of Management by Exception

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There are many Advantages of Management by Exception. The main Advantages of Management by Exception are mention below-

# It reduces the amount of financial and operational results that management must review, which is a more efficient use of their time.

# The report writer linked to the accounting system can be set to automatically print reports at stated intervals that contain the predetermined exception levels, which is a minimally-invasive reporting approach.

# This method allows employees to follow their own approaches to achieving the results mandated in the company's budget. Management will only step in if exception conditions exist.
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