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Administration is a common term used in business. It is used to refer to the performance or management of business operations. This happens when some major decisions are made and implemented.
It is the universal process of organizing people and resources in an efficient manner. This helps in directing activities towards a common goal. An administrator can perform the following functions:
- Planning
- Organizing
- Staffing
- Directing or Leading
- Controlling
- Budgeting
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