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Question : Statement 1: Top-level management is responsible for day-to-day operations.

Statement 2: Top-level management is responsible for setting organizational objectives and formulating policies.

Option 1: Both statements are true
 

Option 2: Both are incorrect
 

Option 3: Statement 1 is true, and Statement 2 is false.

 

Option 4: Statement 1 is false, and Statement 2 is true.


Team Careers360 9th Jan, 2024
Answer (1)
Team Careers360 19th Jan, 2024

Correct Answer: Statement 1 is false, and Statement 2 is true.


Solution : The correct answer is (d) Statement 1 is false, and Statement 2 is true.

Statement 1 is false because top-level management is not typically responsible for day-to-day operations. Top-level management, which includes executives like CEOs and senior leaders, is more focused on setting organizational objectives, formulating policies, and making strategic decisions for the organization. Day-to-day operations are usually the responsibility of middle or lower-level managers.

Statement 2 is true because setting organizational objectives and formulating policies is a primary role of top-level management in an organization.

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