In: Finance
Question 1. What is Management ?
Question 2. List out the management tools give details .
1. “Management” is a distinct ongoing process of allocating inputs of and organization [Human and Economic resources] by typical managerial functions [Planning, organizing, Directing and Controlling] for the purpose of achieving stated objectives [Output of goods and Services] desired by its customers.
2.List of the management tools:
Tools of management have been developed such as, accounting, business law, psychology, statistics, econometrics, data processing, etc.