Which of the following statement is wrong regarding the top management?

Statement 1- It consist of senior most executives of the organisation.
Statement 2- Supervisor, President, CFO, Chairman are all top level managers.
Statement 3- Integrating diverse elements and coordinate the activities of different departments
Statement 4- Their main task is to carry out the plans formulated.
Statement 5- Interact with the actual workforce

Choose the correct answer from the options given below.

Statement 2, 4 & 5

The correct answer is Option 2: Statement 2, 4 & 5

Statement 1- It consist of senior most executives of the organisation. This is correct.

Statement 2- Supervisor, President, CFO, Chairman are all top level managers. This is incorrect. While President, CFO and Chairman are part of top management, Supervisors are part of lower level management.

Statement 3- Integrating diverse elements and coordinate the activities of different departments. This is correct. Top management plays a vital role in bringing together different parts of the organization and ensuring they work seamlessly towards common goals.

Statement 4- Their main task is to carry out the plans formulated. This is incorrect. It is the work of middle level managers to carry out the plans formulated by the top managers.

Statement 5- Interact with the actual workforce. This is incorrect. Interacting with workforce is the function of supervisory management. 

"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."