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THE GOVERNMENT'S BANK
- The central bank started out as the government’s bank, originally created by rulers to finance wars
- However, the early examples are really the exceptions, as central banking is largely a 20th century phenomenon.
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REVIEW OF PART-III
Organization
System of consciously coordinated activities of two or more people
Unity of Command Principle
Each employee should report to a single manager
Organization Chart
Read more: MGT502 - Organizational Behavior - Lecture Handout 41
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