Which type of managers set the overall direction of the firm by articulating a vision,establishing priorities,and allocating time,money,and other resources?

Question

Quizplus · Accepted Answer

Top managers, also known as senior managers, have the responsibility of directing the overall direction of the firm. They provide a vision of where the company needs to go, establish priorities, and make decisions on how resources, such as time and money, will be allocated to achieve the company's goals. First-line managers, on the other hand, are responsible for managing the day-to-day operations and supervising employees. Primary managers and financial managers are not specific types of managers, but rather describe managers who have primary responsibilities within a specific area or focus on financial matters, respectively.

Which Type of Managers Set the Overall Direction of the Firm