What Does Management by Exception Refer to in the Budgeting

question 48

Multiple Choice

What does management by exception refer to in the budgeting process?

• A)rewarding exceptional effort.
• B)delegating responsibility, leaving management free for other things.
• C)concentrating most of management's efforts on those who do not achieve the budget.
• D)motivating staff to boost the reputation of the business.

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Definitions:

Dispatched

refers to sending off to a destination or for a specific purpose.

Effective

Achieving a desired or intended result, or coming into force; successfully producing a desired or intended result.

Mirror Image Rule

A principle in contract law that requires the acceptance of an offer to be identical to the offer itself, without any modifications, for a contract to be legally binding.

Modified Version

An altered or adapted version of an original work, product, software, etc., typically to improve functionality, correct errors, or introduce new features.