Controlling — Business Studies STD 12 Commerce — Question

Management by Exception: This principle of management control emphasizes that a manager who tries to control everything may up controlling nothing. So he should make a priority list and bring to the notice of top management only significant deviations which go beyond the permissible limits. E.g. if plans lay down 3% increase in material cost as an acceptable range of deviation in a manufacturing firm, then only material cost beyond 3% should be brought to the notice of management.