ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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MANAGEMENT BY EXCEPTION Definition
MANAGEMENT BY EXCEPTION (MBE) is a management method by which only exceptional events are reported or acted upon. In this way management can focus only on those results or occurrences that deviate in some way from that what was expected.
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ARR is an acronym for Accounting Rate of Return.
CONSORTIUM is an association of companies for some definite purpose.