BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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any manager above the level of foreman
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the chief executive officer, the president, and his or her vice presidents
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the chief executive officer only
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the chief executive officer and the president only
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Detailed explanation-1: -Top level of management is made up of the Board of Directors, Chief Executive Officer (CEO), Chief Operating Officer (COO), President or Vice-President, etc. The role of top management is setting the goals for the organisation and formulating policies and plans to achieve those goals.
Detailed explanation-2: -It consists of board of directors, chief executive or managing director. The top management is the ultimate source of authority and it manages goals and policies for an enterprise. It devotes more time on planning and coordinating functions. Top management lays down the objectives and broad policies of the enterprise.
Detailed explanation-3: -Top Level Management They comprise of the senior-most executives of the company. They are normally regarded as the Chairman, the Chief Executive Officer (CEO), the Chief Operating Officer (COO), President and Vice-president (VP).
Detailed explanation-4: -According to NBR ISO 9000:2015 on quality management – Terms and definitions, Top Management “is a person or group of people who directs and controls an organization at the highest level.” It is also states that “Top management has the power to delegate authority and provide resources within the organization.”
Detailed explanation-5: -Chief Executive Officer (CEO): As the top manager, the CEO is typically responsible for the corporation’s entire operations and reports directly to the chair and the board of directors.