Question

Management is a factor of production

1 point

True

False​

Answer 1

Answer:

true................

Answer 2

Answer:

True

Management is a factor of production.

Explanation:

Management is a factor in production

Management is the most dynamic factor of production since it collects and coordinates different factors. The effective utilization of land and capital relies on work which is thus administered by management.

Management facilitates the other M's

• manpower,
• methods,
• markets,
• materials,
• machinery and
• money

of an association and, along these lines, it possesses a novel place among the useful factors.