The TRUE statement about the first (highest) level of management is 4. Managers spend most of their time planning for the future.
- These managers are appointed by the owners of the business to act as agents in the interests of their principals. However, the ordering depends on the person. Sometimes, this first-level is assigned as the third-level, in reverse order.
- This level of management is not necessarily involved in operational activities. The managers at this level do not constitute the greatest percentage of the workforce.
- While first-level managers bear the responsibility for the success or failure of their company, they usually assign the function of overseeing business success and failure to the middle-level managers, who also supervise the lower-level managers.
Thus, the first-level of managers are the managers who plan for the future of the company.
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