Is a function that directs and coordinate the efforts of the people to accomplish goals and objectives by using available resources efficiency and effectively.

2. Management–
Is a function that directs and
coordinate the efforts of the people to
accomplish goals and objectives by using
available resources efficiencyand
effectively.

3. Managementas science –
Developed in the early 20Th century
and focused increasing productivity and
effectively through standardization,
division of labor, centralization, and
hierarchy.

4. Division Work--This is the whole workthat divided
into small task.
Authority –Theright of asuperior to giveenhanced
order to his subordinates.
Responsibility – Obligation for performance.
Discipline–Refers to obedience, proper conductin
relation to others, respect of authority etc.

5. Unity of Command –This principlestates that each
subordinate should receive orders andbe accountableto one
superior.
Unity of Direction– All those workingin the same line of
activity mush understand and pursue the same objectives.
PHIRDOSA –Shouldbe deal W/ MGMT.
MGMT– Is a team of man, men, teen, age, in order to manage.

6. Gems – Life the preciousstones, are the fundamental buildingblocks
that contribute to the success ofan inter price.
Staffing– This includes writing,job, description,putting act etc.
Communication – One of the most important responsibilities,of
managerto keep the work placerunning efficiently.
Liabilities– The business owner will be help directing;wises,debt as
violation comingfrom the business.

7. Taxes – The owner that must pay-self-employment.
Lack of community– The business may discontinue.
Jointand IndividualLiability – Similarto sole proprietorship partnership
retain full.
Sharedprofits – Partnership is jointlyowned. Eachpartners must store the
success and profits of theirbusiness.
Credibility– A business withan Incorporation or INC.
FinancialManagement – The goal of any financefunctionis to achieve the
three benefits.