Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Nature and significance of Management

Question:

Match the following

LIST I LIST II
A) Responsible for survival and welfare of the organisation I) Management
B) Ensure that their department has necessary personnel II) Top level manager
C) Interact with actual workforce III) Middle level manager
D) Pervasive function IV) Lower level manager
Options:

A-II, B-I, C-III, D-IV

A-II, B-III, C-IV, D-I

A-III, B-I, C-II, D-IV

A-II, B-IV, C-III, D-I

Correct Answer:

A-II, B-III, C-IV, D-I

Explanation:

A) Responsible for survival and welfare of the organisation- 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.

B) Ensure that their department has necessary personnel- 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
(v) cooperate with other departments for smooth functioning of the organisation.

C) Interact with actual workforce- Foremen and supervisors comprise the lower level in the hierarchy of the organisation. 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 work force and pass on instructions of the middle management to the workers. Through their efforts quality of output is maintained, wastage of materials is minimised and safety standards are maintained. The quality of workmanship and the quantity of output depends on the hard work, discipline and loyalty of the workers.

D) Management is all pervasive: The activities involved in managing an enterprise are common to all organisations whether economic, social or political. A petrol pump needs to be managed as much as a hospital or a school. What managers do in India, the USA, Germany or Japan is the same. How they do it may be quite different. This difference is due to the differences in culture, tradition and history.