Question : Case Study: XYZ Corporation
XYZ Corporation is a manufacturing company known for producing high-quality electronic devices. It is divided into three levels of management: top management, middle-level management, and lower-level management. The company's main objective is to expand its market reach and maintain a strong reputation for innovation and customer satisfaction.
Which level of management in XYZ Corporation is responsible for formulating plans and policies to achieve organizational goals?
Option 1: Top management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: -
Correct Answer: Top management
Solution : The correct answer is (a) Top management.
Top management, also known as senior management or executive management, is responsible for making strategic decisions, setting organizational goals, and formulating policies that guide the overall direction of the company. They are at the highest level of the organizational hierarchy and have the most significant influence on the company's long-term success.
Which level of management is responsible for interpreting and implementing the plans and policies of top management?
The lower-level management in XYZ Corporation is responsible for:
Option 1: Implementing the plans and strategies of top management
Option 2: Developing long-term organizational goals
Option 3: Monitoring and evaluating employee performance
Option 4: Formulating the company's vision and mission
Which level of management is responsible for making decisions about the day-to-day operations of XYZ Corporation?
Which level of management in XYZ Corporation is responsible for supervising employees and ensuring they perform their tasks efficiently?
Which objective of management focuses on fulfilling social responsibilities in XYZ Corporation?
Option 1: Economic objective
Option 2: Social objective
Option 3: Organizational objective
Option 4: Personal objective
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