Question: One man draws the wire, another straightens it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving

"One man draws the wire, another straightens it,

"One man draws the wire, another straightens it, a third cuts it, a fourth points it, a fifth grinds it at the top for receiving the head. Ten men working in this manner can produce 48,000 pins in a single day, but if they had all wrought separately and independently, each might at best produce twenty pins in a day." Smith, A. (2012). Wealth of Nations. Wordsworth Editions. Based on the above statement, explain and describe FIVE (5) basic functions of management (10 Marks)

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