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.
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.
Question : Case Study: ABC Retailers
ABC Retailers is a chain of stores specializing in fashion apparel. They have a hierarchical management structure with top management, middle-level management, and lower-level management. The company aims to provide a wide range of trendy clothing options and outstanding customer service.
Which level of management in ABC Retailers is responsible for developing detailed plans and policies to achieve organizational objectives?
Option 1: Top management
Option 2: Middle-level management
Option 3: Lower-level management
Option 4: -
Which level of management in ABC Retailers is responsible for implementing the plans and policies formulated by top management?
Which level of management in ABC Retailers is responsible for developing strategic plans and policies for the entire organization?
Question : Case Study 17:
ABC Ltd. is a retail company that has been facing challenges in meeting government regulations related to packaging and waste management.
Q:- How can understanding government policies help ABC Ltd. in meeting regulations related to packaging and waste management?
Option 1: By seeking government subsidies
Option 2: By finding alternative suppliers
Option 3: By complying with the regulations and adopting eco-friendly practices
Option 4: By reducing the workforce
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