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 customers due to prompt decisions taken by employers. Identify the concept of management followed by the company.

Option 1: Authority

Option 2: Repsonsibility

Option 3: Delegation

Option 4: Decentralisation

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.

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.

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

Question : Statement 1: Lower-level management has the authority to make strategic decisions.

Statement 2: Lower-level management implements the decisions made by top-level management.

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.

Question : Which level of management is responsible for making decisions about the day-to-day operations of the organization?

Option 1: Top-level management
 

Option 2: Middle-level management
  

Option 3: Lower-level management

Option 4: Operational management