Identify the false statement from the options given below:O a. Middle managers responsible for all levels of the organization.Ob. Overall strategies for the organisation are formulated by top level managers.O. Top level managers responsible for overall performance of the organisation.Od. Top level managers lead and motivate middle level managers.

Answered: Identify the false statement from the…

Understanding Business

12th Edition

ISBN:9781259929434

Author:William Nickels

Publisher:William Nickels

Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment

Section: Chapter Questions

Problem 1CE

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Question

Identify the false statement from the options given below:
O a. Middle managers responsible for all levels of the organization.
Ob. Overall strategies for the organisation are formulated by top level managers.
O. Top level managers responsible for overall performance of the organisation.
Od. Top level managers lead and motivate middle level managers.

Expert Solution

Step 1

Management: It is a procedure of doing things with the help of others. It involved managing, forecasting, commanding, and coordinating the activities of the organization for the achievement of the goals.

Management is essential for every type of organization irrespective of its nature, size, and goals. It is important for effective and efficient work in the organization. There are various functions of management: Planning, Organizing, Leading or Directing, and Controlling. It has to make changes in objectives according to the changes in the external environment.