Month: July 2013

MEANING – Money Market Securities are part of Financial Market where Instruments with high liquidity and very short term maturity are traded. It’s a place where large financial institutions, dealers and government participate and meet their short term cash needs. According to Crowther : “The money market is the collective name given to the various…

Management Principles developed by Henry Fayol: DIVISION OF WORK: Work should be divided among individuals and groups to ensure that effort and attention are focused on special portions of the task. Fayol presented work specialization as the best way to use the human resources of the organization. AUTHORITY: The concepts of Authority and responsibility are closely…