List and Describe the Four Management Functions

question 113

Essay

List and describe the four management functions.

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Definitions:

Future Extraction

Strategic planning for the removal or usage of natural resources, regarding supply and demand, technological advancements, and environmental impacts.

Total Allowable Catch

The maximum quantity of a particular fish species that can be caught within a specified area and time frame to prevent overfishing.

Individual Transferable Quota

A system in resource management where individuals or companies are allocated a certain amount of a resource and can buy, sell, or trade parts of that quota.

Fisheries

Places where fish are raised or caught in significant numbers, often critical for food supply and employment in certain regions.