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Nature and Significance of Management — Business Studies STD 12 Commerce — Question

CBSE BoardEnglish MediumSTD 12 CommerceBusiness StudiesNature and Significance of Management1 Mark
MCQ
Policy formulation is the function of:
  • ✓
    Top level managers
  • B
    Middle level managers
  • C
    Operational management
  • D
    All of the above.
✓

Answer

Correct option: A.
Top level managers
They are the ones, responsible for developing the policies and goals for the organization. On the other hand, middle level managers interpret these policies in terms of plans and objectives and works towards implementing them with the help of the operational management. The operational management as per the instructions of the middle management directly oversees the actual work process.

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