Question

Why management is considered to be a group activity?

Answer 1

Management is considered to be a group activity as not only one many are included in this department.The owners of a business as well as the stakeholders like equity share holders are also included as a part of the management.The important cost managing decisions as well as the managing of other cost efficient decisions are to be taken by the  management with the ascertained accounting results by the accountant of the company.