Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

'A is working as Finance Manager in ABC Ltd.'

State the management level at which he is working.

Options:

Middle Level

Supervisory Level

Top Level

Lower level

Correct Answer:

Middle Level

Explanation:

The correct answer is option 1- Middle Level.

A Finance Manager in ABC Ltd. would be working at the Middle Level of management. They are responsible for implementing the policies and plans developed by top management. They manage departmental activities, oversee day-to-day operations, and ensure that departmental goals align with the company's overall objectives. Finance Managers fall into this category because they handle financial planning, budgeting, and financial reporting, which are crucial for the effective operation of the company and align with the strategies set by top management.

*Middle Management is the link between top and lower level managers. They are subordinate to top managers and superior to the first line managers. They are usually known as division heads, for example production manager. Middle management is responsible for implementing and controlling plans and strategies developed by top management. At the same time they are responsible for all the activities of first line managers. Their main task is to carry out the plans formulated by the top managers. For this they need to: (i) interpret the policies framed by top management, (ii) ensure that their department has the necessary personnel, (iii) assign necessary duties and responsibilities to them, (iv) motivate them to achieve desired objectives, and (v) co operate with other departments for smooth functioning of the organisation. At the same time they are responsible for all the activities of first line managers.



OTHER OPTIONS

  • Top Level Managers: These individuals are involved in strategic planning and setting the overall direction of the company. They make high-level decisions and provide overall leadership.
  • Supervisory Level/Lower level- Foreman and supervisors make up the lower level of the management in the hierarchy of the business. Supervisors immediately manage the efforts of the workforce.