GENERAL KNOWLEDGE

Detailed explanation-1: -The top managers in a business are involved in planning, but first-level managers such as supervisors are not. Effective planning is less important to the success of a business than other management functions, such as organizing, implementing, and controlling.

Detailed explanation-2: -Top Level of Management It devotes more time on planning and coordinating functions. Top management lays down the objectives and broad policies of the enterprise. It issues necessary instructions for preparation of department budgets, procedures, schedules etc. It prepares strategic plans & policies for the enterprise.

Detailed explanation-3: -First-line managers are the only managers who do not supervise other managers. Middle managers engage in plans and actions that typically produce results within a short time period. First-line managers engage in such plans and actions.

Detailed explanation-4: -Strategic planning starts with the top management. Then, the middle management focuses on tactical planning to achieve the goals defined through strategic planning. While goals are set on the top and middle levels, the daily activities are important to plan.

Detailed explanation-5: -Typically, there are three levels of management: top managers, who are responsible for overall performance; middle managers, who report to top managers and oversee lower-level managers; and first-line managers, who supervise employees to make sure that work is performed correctly and on time.