Can you assist me getting started with the assignment?
Problem 1. Explain how using the World Wide Web might make the budgeting process more efficient for a multinational company.
Problem 2. Management by exception is a technique used to effectively identify and investigate variances in operating environment. There are no firm guidelines that direct managers as to which variances they should investigate. Instead, managers are expected to identify variances that are significant and in need of explanation.
A. Develop a "rule of thumb" that managers might follow to decide on which variances to investigate.
B. Discuss how managers in the company you work for use management by exception to improve efficiency.
(Please provide cite of references).