The top management team is composed of the

Question

Quizplus · Accepted Answer

The top management team consists of key managers who are responsible for selecting and implementing a firm's strategy. This group typically includes senior executives from different functional areas such as finance, marketing, operations, and human resources. Their collective skills and experience are integral to the success of the organization, as they help to set strategic direction and make important decisions about resource allocation and investment. Option A is incorrect because the top management team is typically composed of internal leaders rather than external advisors. Option B is also incorrect because it only includes the CEO and chairperson, which may not reflect the full scope of top-level decision-making. Option D is inaccurate because not all officers listed in a firm's annual report are part of the top management team, and the board of directors is a separate entity with its own responsibilities.

The Top Management Team Is Composed of the