A business manager can effectively supervise financial transactions by closely monitoring the budget allocations and expenditures. They should regularly review the costs and compare them with the budgeted amounts. For instance, if the costs exceed the allocation, it signals a need for adjustments such as renegotiating supplier contracts or adjusting pricing. Similarly, if a budget for a certain area is almost untouched, whereas another is depleting faster than anticipated, the manager should shift focus and funding to balance the expenditure.
Supervise financial transactions, adhere to predetermined budgets, and forecast upcoming expenses to...
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