Question : In many organisations, the top management actively participates in making all decisions, while in some, even the lower levels of management have this authority. Because decision-making power is shared with lower levels, those levels are positioned close to the action. The statement "Decision making authority is shared with lower levels and is therefore located nearest to the points of action" highlights a management approach.
Option 1: Authority
Option 2: Delegation
Option 3: Accountability
Option 4: Decentralisation
Correct Answer: Decentralisation
Solution : Decentralization is a type of organisational structure in which the top management delegated power to the middle and lower levels of management in an organisation. Hence, the correct option is 4.
Question : Shreshtha Limited has been awarded recently with the Best Employer of the Year Award. The company has believed in the ideas and suggestions of its employees. There is selective disposal of decision making authority at all levels. There is no delay in delivery of orders to
Question : The principles of management provide:
Question : Statement 1: Lower-level management has limited decision-making authority.
Statement 2: Lower-level management implements the decisions made by top management and follows specific guidelines.
Question : One way to think of the management hierarchy is as a chain of communication. The highest management makes all decisions in an organisation, therefore information moves slowly because it must pass through multiple levels. Response time is also a factor. This slows down
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