BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
management
|
|
resources
|
|
team
|
Detailed explanation-1: -Management (or managing) is the administration of organizations, whether they are a business, a nonprofit organization, or a government body. It is the art and science of managing resources of the business.
Detailed explanation-2: -Management (or managing) is the administration of an organization, whether it be a business, a not-for-profit organization, or government body.
Detailed explanation-3: -Administration, also referred to as business administration, is the management and application of the processes an office, business, or organisation. It involves the efficient and effective organisation of people, information, and other resources to achieve organisational objectives.
Detailed explanation-4: -Although the managers who are working on the top most level are said to be the part of administration whereas the managers working on the middle or lower level represents management. So, we can say that administration is above management.
Detailed explanation-5: -Administration represents creating plans and actions to achieve the objectives of the company. Management is the process of implementing these plans to achieve the final goal. Administrative functions are legislative in nature, whereas managerial functions are executive in nature.