Which of the following is the function of Top-level management?
Show Hint
- They ensure that their department has the necessary personnel.
- They interact with the actual workforce and pass on instructions of the middle management to the workers.
- They co-operate with other departments for the smooth functioning of the organisation.
- They analyse the business environment and its implications for the survival of the firm.
The Correct Option is D
Solution and Explanation
- Top-level management is responsible for defining organizational goals, formulating policies, and analyzing the external business environment to ensure long-term survival.
Step 2: Analyzing the options.
Among the given options, only (D) aligns with the responsibilities of top-level management, which includes strategic decision-making and environment analysis.
Conclusion: The correct answer is (D) They analyse the business environment and its implications for the survival of the firm.
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Following is the extract of the Balance Sheet of Vikalp Ltd. as per Schedule-III, Part-I of Companies Act as at $31^{\text {st }}$ March, 2024 along with Notes to accounts:
Vikalp Ltd.
Balance Sheet as at $31^{\text {st }}$ March, 2024
Particulars Note No. $31-03-2024$ (₹) $31-03-2023$ (₹) I. Equity and Liabilities (1) Shareholders Funds (a) Share capital 1 59,60,000 50,00,000 ‘Notes to accounts’ as at $31^{\text {st }}$ March, 2023:
Note Particulars $31-3-2023$ (₹) No. 1. Share Capital : Authorised capital 9,00,000 equity shares of ₹ 10 each 90,00,000 Issued capital : 5,00,000 equity shares of ₹ 10 each 50,00,000 Subscribed capital : Subscribed and fully paid up 5,00,000 equity shares of ₹ 10 each 50,00,000 Subscribed but not fully paid up Nil 50,00,000 ‘Notes to accounts’ as at $31^{\text {st }}$ March, 2024:
Note Particulars $31-3-2024$ (₹) No. 1. Share Capital : Authorised capital 9,00,000 equity shares of ₹ 10 each 90,00,000 Issued capital : 6,00,000 equity shares of ₹ 10 each 60,00,000 Subscribed capital : Subscribed and fully paid up 5,80,000 equity shares of ₹ 10 each 58,00,000 Subscribed but not fully paid up 20,000 equity shares of ₹ 10 each, fully called up 2,00,000 Less : calls in arrears 20,000 equity shares @ ₹ 2 per share 40,000 59,60,000 - The total face value of equity shares issued during the year 2023-2024 was :
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Balance Sheet (Before Dev's Admission)
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Interest on capital was to be allowed @ 10% p.a.
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