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Home Managerial/Management/Cost Accounting Terms and Definitions Management By Exception (MBE) Definition

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Management By Exception Definition:

Management by exception is a system of management in which standards are set for various operating activities, with actual results then compared to these standards. Any differences that are deemed significant are brought to the attention of management as "exceptions."

In other words, Management by exception is the process of detecting problems and eliminating them so they do not occur again.

Also read standard costs and management by exception article

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