The Top Level Management contains the Board of Directors (BOD) and the Chief Executive Officer (CEO) or General Manager (GM) or Managing Director (MO) or President. What are the roles of the top level management?
Each correct answer represents a complete solution. Choose all that apply.
A.
The Top Level Management decides the objectives, policies, and plans of the organization.
B.
The Top Level Management prepares long-term plans of the organization.
C.
The Top Level Management has minimum authority and responsibility to take few decisions.
D.
The Top Level Management assembles the available resources.
Explanation:
The Top Level Management contains the Board of Directors (BOD) and the Chief Executive Officer (CEO) or General Manager (GM) or Managing Director (MD) or President. The Board of Directors is the representatives of the Shareholders, i.e. they are selected by the Shareholders of the company. Similarly, the CEO is selected by the Board of Directors of an organization.Following are the main roles of the top level management:
The top level management decides the objectives, policies, and plans of the organization. The top level management assembles the available resources. The top level management does mostly the work of decision making. The top level management spends more time in planning and organizing. The top level management prepares long-term plans of the organization. The top level management has maximum authority and responsibility to take any decision.