Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Ram, Shyam, Mohan and Sohan work in Indian Oil as divisional head, production manager, supervisor and Chief Finance Officer respectively. Who is working at top level of Management?

Options:

Ram

Shyam

Mohan

Sohan

Correct Answer:

Sohan

Explanation:

The correct answer is option (4) : Sohan

In the hierarchy of management levels, the top level is typically occupied by positions like Chief Executive Officer (CEO), President, or Managing Director. Among the given individuals, "Sohan" is the Chief Finance Officer (CFO), which is a top-level position. Therefore, the correct answer is Sohan.

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). 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.