Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Vice President belongs to which level of Management?

Options:

Top Level

Middle Level

Lower Level

Executive Level

Correct Answer:

Top Level

Explanation:

The correct answer is option (1)- Top Level.

Vice President belongs to Top Level Management.

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. For example chief finance officer, vice president (marketing).

 

OTHER OPTIONS

  • Middle Level- 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.
  • Lower Level- Foremen and supervisors comprise the lower level in the hierarchy of the organisation. Lower level management is also called operational management. Supervisors directly oversee the efforts of the workforce. Their authority and responsibility is limited according to the plans drawn by the top management. Supervisory management plays a very important role in the organisation since they interact with the actual workforce and pass on instructions of the middle management to the workers.