1. Policy formulation is the function of (a) Top level management (b) Middle level management (c) Operational management (d) All of the above. 2. Which of the following statements... 1. Policy formulation is the function of (a) Top level management (b) Middle level management (c) Operational management (d) All of the above. 2. Which of the following statements best describes the principle of 'Division of Work' (a) Work should be divided into small tasks (b) Labour should be divided (c) Resources should be divided among jobs (d) It leads to specialization. 3. Which of the following statements is not correct with regard to planning? (a) It is a mental exercise (b) It provides direction for the future actions (c) It is the end function in the process of management (d) It involves setting objectives and developing courses of actions. 4. Which of the following is not an element of delegation? (a) Accountability (b) Authority (c) Responsibility (d) Informal organization. 5. Companies with higher growth pattern are likely (a) to pay lower dividends (b) to pay higher dividends (c) that dividends are not affected by growth issues (d) none of the above.
Understand the Problem
The question is asking multiple-choice questions related to management principles and practices. Each question is focused on specific concepts in management, such as policy formulation, division of work, planning, delegation, and the impact of company growth on dividends. These questions require knowledge of management theory and its applications.
Answer
Top level management
The final answer is top level management.
Answer for screen readers
The final answer is top level management.
More Information
Policy formulation is generally the responsibility of top level management because it involves setting the strategic directions and goals for the organization. Top-level managers include the board of directors, chief executive officers, etc.
Tips
It is a common mistake to think that all levels of management are involved in policy formulation. In reality, it's primarily a top-level management function.
Sources
- Policy formulation is the function of (a) top level managers (b) middle ... - byjus.com
- Policy formulation is the function of: - BYJU'S - byjus.com
- Levels of Management - Top, Middle and Lower - GeeksforGeeks - geeksforgeeks.org
