Business Studies Test - 25

• The three levels of management typically found in an organization are low-level management, middle-level management, and top-level management.
• Top-level managers are responsible for controlling and overseeing the entire organization.

The board of directors, president, vice-president, and CEO are all examples of top-level managers.

These managers are responsible for controlling and overseeing the entire organization. They develop goals, strategic plans, company policies, and make decisions on the direction of the business.

Cooperation is the act of cooperating or acting together for a common goal, with the goal of assisting one another. It is more or less active help from a person, organization, or other entity

The work performed by top level management is complex and stressful as their basic task is to integrate diverse elements and coordinate the activities of different departments according to the overall objectives of the organisation.

Efficiency means doing the task correctly and with minimum cost.

Effectiveness in management is concerned with doing the right task, completing activities and achieving goals.

Management is a group activity. Management is an activity which is necessary wherever there is a group of people working in an organization.

Objectives of management include organizational, social and personal. So political objective is not an objective if management.

Providing facility of school and hospital is the social objective of management. Social objectives it involves the creation of benefit for society.

Yes management is both science and art. Science can be defined as systematic body of the knowledge. Its principles are based on a cause and effect relationship.

The word management denotes a function, a task, a discipline.

Effectiveness in management is concerned with doing the right task/completing activities/achieving goals within the prescribed time. In other words, it is concerned with end results.