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Financial Accounting – I:
Historical background of management There are many examples from the past that illustrate how management has been practiced for thousands of years. A. The Pyramids of Egypt and the Great Wall of China are good examples of massive projects of scale and scope that employed tens of thousands of people. How was it possible with these projects to be complete? The answer is management.
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Other examples of early management practices can be seen through assembly lines, accounting systems and HR functions are just some of the processes and activities in organizations of that time, which are also common for today’s organizations.
MGT201 FINAL TERM SOLVED PAPERS:
Adam Smith, the author of the classic economic doctrine, The Wealth of Nations, argued great about the economic benefits that the division of labor (a division of jobs into narrow, repetitive tasks) it would bring to organizations and society.