Consider the following information of X Ltd. Total Costs Units (Meals) 1,280 1,810 1,620 2,830 Month January February March April May June July August September October November December January February March April $6,720 7,260 7,270 11,060 12,580 8,660 8,580 9,550 13,050 11,060 7,320 7,370 6,790 7,480 6,990 11,400 3,630 2,610 2,460 2,640 3,620 2,840 1,820 1,650 1,260 1,850 1,710 2,940

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Management by Exception

A manager’s job is a very tough one. A manager needs to look at the various areas of work and as a manager he has to look after two or more important jobs or activities at the same time for the growth of the business. In order to do all these things in an effective manner, a manager must adopt or practice different management styles and tactics.