Fundamentals of Management

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Questions and Answers

Explain the importance of management for both business and non-business organisations based on the given text.

The importance of management for both business and non-business organisations lies in its essential role in organizing activities and achieving goals. Management is a process that includes functions necessary for proper organization, which is crucial for the success of any type of organization.

What are the key functions of management mentioned in the text?

The text mentions that management is a process that includes a number of functions required for organizing activities properly. These key functions may include planning, organizing, leading, and controlling.

Why is management considered essential for every type of organisation according to the text?

Management is considered essential for every type of organisation because it is crucial for organizing activities properly and achieving goals. Whether it's a business or non-business, big or small organisation, management plays a vital role in ensuring the success and effectiveness of the organization's operations.

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