Question : Assertion: Strategies are formulated at all levels of an organization.
Reason: Strategies are primarily formulated by top-level management.
Option 1:
Both assertion and reason are correct, and the reason is a correct explanation.
Option 2: Both assertion and reason are correct, and the reason is not correct explanation.
Option 3: Assertion is false, but the reason is correct.
Option 4: Assertion is correct, but the reason is false.
Correct Answer: Both assertion and reason are correct, and the reason is not correct explanation.
Solution : The correct answer is (b) Both assertion and reason are correct, and the reason is not a correct explanation.
The assertion is correct in stating that strategies can be formulated at all levels of an organization. However, the reason is not a correct explanation because while strategies can indeed be formulated at various levels, they are more commonly associated with top-level management, responsible for setting the overall direction and long-term goals of the organization. Strategies at lower levels are often referred to as operational or tactical strategies.
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