3 Views

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.

Related Questions

UPES Integrated LLB Admission...
Apply
Ranked #28 amongst Institutions in India by NIRF | Ranked #1 in India for Academic Reputation by QS University Rankings | 16.6 LPA Highest CTC
SLAT 2025 - The Symbiosis Law...
Apply
Conducted by Symbiosis International (Deemed University) | Ranked #5 in Law by NIRF | Ranked #2 among best Pvt Universities by QS World Rankings
Jindal Global Law School Admi...
Apply
Ranked #1 Law School in India & South Asia by QS- World University Rankings | Merit cum means scholarships
Symbiosis Law School Pune Adm...
Apply
NAAC A++ Accredited | Ranked #5 by NIRF
Nirma University Law Admissio...
Apply
Grade 'A+' accredited by NAAC
ISBR Business School PGDM Adm...
Apply
Ranked as Platinum Institute by AICTE for 5 years in a row | Awarded Best Business School of the Year
View All Application Forms

Download the Careers360 App on your Android phone

Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile

150M+ Students
30,000+ Colleges
500+ Exams
1500+ E-books