Explain 5 M of Management.

Question

Accepted Answer

The 5 M's of management are: Manpower, Materials, Machines, Methods, and Money.

Manpower refers to the human resources available for the management of an organization.
Materials include all the physical resources required for production or operations.
Machines represent the equipment and technology used in the production process.
Methods refer to the processes and procedures followed to achieve organizational goals.
Money represents the financial resources necessary for the functioning of the organization.

Accepted Answer

Man, machine, materials, method and measure....