Question

Q. 19. Top management consists of
(a) CEO (b) Board of Directors
(c) Departmental heads
(d) Both (a) & (b)​

Answer 1

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Top management is made up of senior-level executives of an organization, or those positions that hold the most responsibility. Jobs titles such as Chief Operating Officer (COO), Chief Executive Officer (CEO), Chief Financial Officer (CFO), President, or Vice President are commonly used by top managers in organizations. yu

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Answer 2

The top management consists of the CEO and the Board of Directors.

• In a company the top-level management usually consists of the people who are at the top of the company's hierarchy level and have the utmost authority and responsibilities to the company.

• These constitute the Chairman, CEO (Chief Executive Officer), CFO (Chief Financial Officer), Managing Director, General Director, Board of Directors, etc.

The answer is(d) Both a and b