Differences between access point and management point

An Access Point [AP] or a Wireless Access Point [WAP] is a specially configured node on a Wireless Local Area Network [WLAN] that acts as the central transmitter and receiver of WLAN radio signals. Access points used in home or small business networks are generally small, dedicated hardware devices featuring a built-in network adapter, antenna, and radio transmitter.
Wi-Fi wireless communication standards are supported by access points. Although very small WLANs can function without access points in so-called "ad hoc" or peer-to-peer mode, access points support "infrastructure" mode. This mode bridges WLANs with a wired Ethernet LAN and also scales the network to support more clients.