Take My Online Exam05 Oct, 2023Education
Apart from giving instructions, management also makes sure that resources are allocated efficiently. The most economical and efficient way to allocate resources, including money, labor, and materials, is the responsibility of managers. They evaluate the organization’s needs, rank projects, and distribute funds appropriately. In addition to aiding in cost optimization, this guarantees that the appropriate resources are available when needed, cutting down on waste and raising output levels all around.
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