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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Top level function
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Upper top level function
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Lower level function
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Middle level function
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Detailed explanation-1: -A managing director is a senior-level manager in a company who is responsible for its day-to-day operations. They oversee the performance and functioning of the different company departments and receive reports from their department managers.
Detailed explanation-2: -1. Top Level Management: Top level management consists of Chairman, Board of Directors, Managing Director, General Manager, President, Vice President, Chief Executive Officer (C.E.O.), Chief Financial Officer (C.F.O.) and Chief Operating Officer etc.
Detailed explanation-3: -Managing directors are at the highest levels in the corporate structure of an investment bank except for the top executive positions, such as CFO, COO, and CEO. Managing directors are typically the heads of the various divisions of a group.
Detailed explanation-4: -(a) Functions of top level management To lay down organisational goals, policies and strategy formulation. Organising, controlling and monitoring the activities. Resource allocation. Approval of budget. Overall control of work performance.
Detailed explanation-5: -1. Administrative, Managerial, or Top Level of Management. This level of management consists of an organization’s board of directors and the chief executive or managing director. It is the ultimate source of power and authority, since it oversees the goals, policies, and procedures of a company.