Question 17

responsible for all aspects of a company. He is accountable for managing the P&L (Profit & Loss) statement of the company. General managers usually report to the company board or top executives and take directions from them to direct the business.

The Functional Manager is responsible for a single organizational unit or department within a company or organization. He in turn is assisted by a Supervisor or groups of managers within his unit/department. He is responsible for the department's profitability and success.

Line and Staff Managers

Line Managers are directly responsible for managing a single employee or a group of employees. They are also directly accountable for the service or product line of the company. For example, a line manager at Toyota is responsible for the manufacturing, stocking, marketing, and profitability of the Corolla product line.

Staff Managers often oversee other employees or subordinates in an organization and generally head revenue consuming or support departments to provide the line managers with information and advice.

Project Managers

Every organization has multiple projects running simultaneously through its life cycle. A project manager is primarily accountable for leading a project from its inception to completion. He plans and organizes the resources required to complete the project. He will also define the project goals and objectives and decide how and at what intervals the project deliverables will be completed.

The Changing Roles of Management and Managers

Every organization has three primary interpersonal roles that are concerned with interpersonal relationships. The manager in the figurehead role represents the organization in all matters of formality. The top-level manager represents the company legally and socially to the outside world that the organization interacts with.

In the supervisory role, the manager represents his team to the higher management. He acts as a liaison between the higher management and his team. He also maintains contact with his peers outside the organization.

1. _______benches are________ of co-ordinate______ power except________

2. ________signposts_________ partnership_________?

3. _____________clauses must be in the memorandum __________of association of a Establishment except________

4. A director of a______ company must be at_________ least of the age of______

5. Beneath the ______Companies and Allied Matters Act,_______ the tests for insolvency do not include_________

6. Which_____ meeting must ________a public firm hold________ within six months of incorporation_________

7. For how _________many years must a ______financial institution preserve ________the record of customer's identification under ________the Money Laundering (Prohibition) Act_________?

8. The physical________ element of an _________offence is known as______

9. Which_______ of the following______ is not an invitation________ to treat_______?

10. ________Winding up_________ of a company _______may take any of the following ______forms except