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.

Question : Which level of management is responsible for the day-to-day operations and supervising employees?

Option 1: Top-level management
  

Option 2: Middle-level management
    

Option 3: Lower-level management

Option 4: Operational management

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

Question : Statement 1: The management principles used in multinational companies are the same as those used in domestic companies.

Statement 2: Multinational companies require different management principles due to their diverse operations.

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 : Statement 1: The Foreign Exchange Regulation Act (FERA) was enacted to regulate foreign trade in India.

Statement 2: FERA was replaced by the Foreign Exchange Management Act (FEMA) in 1991.

Option 1: Both statements are true.
   

Option 2: Both statements are false.
 

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

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