Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Which of the following feature is related to the level of top-management?

A) Senior-most executives
B) Chairman, Production manager
C) Integrate diverse elements and coordinate the activities of different departments
D) Responsible for the welfare and survival of the organisation
E) Ensure that their department has the necessary personnel
F) Analyse the business environment

Options:

ACDE

ACDF

ABCDE

ABCDF

Correct Answer:

ACDF

Explanation:

Option B is only partially correct as *Production manager is the middle level manager. Thus, the correct answer is  Option B: ACDF

Top Management consists of the senior-most executives of the organisation by whatever name they are called. They are usually referred to as the chairman, the chief executive officer, chief operating officer, president and vice-president. Top management is a team consisting of managers from different functional levels, heading finance, marketing etc. For example chief finance officer, vice president (marketing). Their basic task is to integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organisation. These top level managers are responsible for the welfare and survival of the organisation. They analyse the business environment and its implications for the survival of the firm. They formulate overall organisational goals and strategies for their achievement. They are responsible for all the activities of the business and for its impact on society. The job of the top manager is complex and stressful, demanding long hours and commitment to the organisation.

*Production manager is the middle level manager.
*Middle level managers interpret the policies framed by top management, ensure that their department has the necessary personnel, assign necessary duties and responsibilities to them.