Question : When decision making authority is retained organisation is said to be by higher management level an __________.
Option 1: Decentralised
Option 2: Centralised
Option 3: Fragmented
Option 4: None of the above
Correct Answer: Centralised
Solution : Centralisation refers to concentration of power or authority in few hands. i.e. top level. An organisation is centralised when the decision making authority is in the hand of top level management only. Hence, option 2 is the correct answer.
Question : Identify at what level of management the sales manager is engaged.
Option 1: Top level management
Option 2: Middle level management
Option 3: Operational-level management
Question : Identify at what level of management shareholders are engaged.
Question : Which level of management is accountable for all business activities and their impact on society?
Option 1: Middle level management
Option 2: Top level management
Question : What is the other name for operational level management?
Option 1: Supervisory level management
Option 2: Lower level management
Option 3: Both a and b
Question : Determining long term objectives is the duty of which level of management?
Option 3: Operational level management
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