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Analysing deviations' is an important step in the process of controlling. It is therefore important to bring significant deviations to the notice of the management which go beyond the permissible limit.
Identify and give the meaning of the concpet discussed above.
Identify and give the meaning of the concpet discussed above.
Solution:
Management by Exception- According to this technique, an effort to control everything may end up in controlling nothing. Thus, only significant deviations which are beyond the permissible limit should be acknowledged.
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