The definition of administration refers to the group of individuals who are in charge of creating and enforcing rules and regulations, or those in leadership posture who complete important tasks.
Revenue and cost can be studied by examining the total revenue and total cost of a business. Break-even Analysis implies that at some point in the operations, total revenue has to be equals to the total cost.
Management vs administration: Management is the act of managing people and their work for achieving an organization’s goal using its resources where administration is an organized process of administering the management of an organization.
A Plant Location is a place, where men, money, material, machinery, etc are brought together for manufacturing products.
Organizational structure is a system that abstracts how certain activities are directed in order to achieve the goals of an organization. these activities can include roles, responsibilities and rules.
What is the major difference between leadership and management? While many of you may think that manager is also a leader so, these two terms mean the same thing, but actually not. The terms “management” and “leadership” are often used interchangeably.
Travel and tourism industry is rapidly growing and jobs in this sector are becoming highly sought after. Having a career in this sector will offer you a huge range of interesting roles, such as the opportunity to travel and meeting new people.
Management skills are the abilities that a manager or leader should have. Management skills can be defined as a certain concept or abilities that an administrator should possess to fulfil specific tasks in an organization.
Work-study investigates the work done in an organization and it aims to find the most effective way of using industrial resources like man, material, machinery, money, etc. Every company wants to achieve the best qualities of the product with the minimum possible time.
Management style is a specific way manager go about executing their goals. Management style regards the way that a manager plans, handles, make decisions, designate, and manages their staff.
