Chapter 1, Problem 17RQ

Explanation of Solution

Management:

• The administration of an organization whether it may be a business, a non-profit organization or a body ruled by the government.
• The strategy of the organization and leading the efforts of its employees to accomplish its objectives are included in the management.
• The objective of the management can be accomplished by the available resources like financial, natural, technological and human resources.

Manager:

• The person who takes the responsibility to control or administer an organization or group of staff is known as a manager.
• He takes up the charge of a certain group of tasks or certain subset of a company.
• The manager is a person who takes up the responsibility to carry out the four functions of the management, including planning, organizing, leading and controlling...