While working in a company, Pranav used to give order to his subordinates about what is to be done and which…

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While working in a company, Pranav used to give order to his subordinates about what is to be done and which work is to be done? In this organization, various employees like Pratap are doing their work assigned by Pravin. In this company, Pravin submit his report of work completion to Pranav after the work done by the employees like Pratap.

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5) a) Identify different levels of management in above mentioned company. The different levels of management are: Top Level Management, Middle Level Management, and Lower Level Management (or Operational Level). b) Find the level of Pranav in management of company. Pranav is at the Top Level Management because he gives orders to his subordinates (Pravin) and receives reports of work completion. c) Explain the functions and role of Pratap in his company. Pratap is an employee working at the Lower Level Management (or Operational Level). His role is to execute the tasks assigned by Pravin and perform the actual work as per instructions. 6) a) Which type of organization is this? This is a Statutory Corporation (or Public Corporation). b) Give any 3 features of this organization. • It is formed by a special Act of Parliament or State Legislature. • It has a separate legal entity distinct from the government. • It is financially independent and can borrow money and use its revenues. • It is answerable to the Parliament or State Legislature. d) Give one example of this organisation. Life Insurance Corporation of India (LIC) or Reserve Bank of India (RBI). 7) a) Find out the type of business? The type of business is Joint Hindu Family Business. b) Who is Raghunath? Mr. Raghunath is the Karta (head of the family) who manages the business. c) What are Kiran and Naman called? Kiran and Naman are called Coparceners.

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