Match the Levels of Management given in Column I with the functions performed at each level given in Column II:
Column I | Column II |
1. Top Level Management | (i) They directly oversee the efforts of the workforce. |
2. Middle Level Management | (ii) They ensure that their department has the necessary personnel. |
3. Operational Management | (iii) They are responsible for the welfare and survival of the organisation. |
Choose the correct option:
Understanding levels of management is crucial in grasping how an organization functions. Each level has its distinct set of responsibilities:
1. Top Level Management: This includes positions like CEO, Managing Director, Board of Directors. Their primary focus is long-term strategic planning, setting organizational goals, and ensuring the company's welfare and survival. Thus, matches with (iii).
2. Middle Level Management: This layer acts as a bridge between top-level and operational management. Department heads, regional managers fall under this level. They ensure that their departments are adequately staffed, organized, and prepared. Thus, it aligns with (ii).
3. Operational/Lower Level Management: These are supervisors and foremen who interact directly with the workers. They are tasked with ensuring that tasks are performed efficiently. Hence, they directly oversee the efforts of the workforce, which corresponds to (i).
Therefore, correct match: 1-(iii), 2-(ii), 3-(i).
Final Answer: (B) 1-(iii), 2-(ii), 3-(i)
Information Table
Information | Amount (₹) |
---|---|
Preference Share Capital | 8,00,000 |
Equity Share Capital | 12,00,000 |
General Reserve | 2,00,000 |
Balance in Statement of Profit and Loss | 6,00,000 |
15% Debentures | 4,00,000 |
12% Loan | 4,00,000 |
Revenue from Operations | 72,00,000 |