Question : Statement 1: The functions of top management include planning, organizing, leading, and controlling.
Statement 2: The functions of top management include coordination and supervision of employees.
Option 1: Both statements are true
Option 2: Both are incorrect
Option 3: Statement 1 is true, and Statement 2 is false.
Option 4: Statement 1 is false, and Statement 2 is true.
Correct Answer: Both statements are true
Solution : The correct answer is (a) Both statements are true.
Statement 1 is true. The functions of top management often encompass planning, organizing, leading, and controlling, which are fundamental management functions.
Statement 2 is also true. While coordination and supervision of employees are typically associated with middle or lower-level management, top management can also be involved in the overall coordination and supervision of employees, especially in larger organizations or in specific situations. Both functions can be part of the responsibilities of top management, though they may not be their primary focus.