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 decision-making and makes it challenging for an organisation to adjust to changing operating conditions.
Option 1: Centralised
Option 2: Decentralised
Option 3: Large
Option 4: Small
Correct Answer: Centralised
Solution : Centralization refers to the concentration of power in a small number of top-level decision-makers. Hence, the correct option is 1.
Question : When decision making authority is retained organisation is said to be by higher management level an __________.
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
Question : The management principles are flexible to adapt to dynamic business environment. The given statement shows which significance of principles of management?
Question : Decisions must be based on facts thoughtful and justifiable in terms of the intended purpose. The given statement shows which significance of principles of management?
Question : Management principles provide an effective and dynamic leadership and help the organisation to implement the changes. The given statement shows of which significance of principle of management?
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