functional areas of management
While investment decision, management should be guided by three important principles-safety, profitability and liquidity. These are just a few of the key functional areas in business. As an organisational objective, personnel management has to make maximum utilisation of the available labour resources possible in an organisation. For example- production department is in need of a machine for producing a particular commodity. Estimation of funds required for both long term and short term needs of business.
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