Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Identify the positions that belong to same level of management in an organisation.

A. Chief Finance Officer

B. Production Manager

C. Vice President

D. Supervisor

Choose the most appropriate answer from the options given below :

Options:

A and B only

A and C only

B and C only

C and D only

Correct Answer:

A and C only

Explanation:

The correct answer is option (2) : A and C only. 

A. Chief Finance Officer- Top level

B. Production Manager- Middle level

C. Vice President- Top level

D. Supervisor- Lower level.

So, A & C belongs to same category of top level.

* Top Management consist 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. 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.