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Examveda

The process of activity relating to the effective utilization of available resources for production is

A. planning

B. management

C. organization

D. decision making

Answer: Option B

Solution(By Examveda Team)

The process of activity relating to the effective utilization of available resources for production is management. Management is a set of principles relating to the functions of planning, organizing, directing and controlling, and the application of these principles in harnessing physical, financial, human and informational resources efficiently and effectively to achieve organizational goals.

This Question Belongs to Management >> Business Management

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