Business Studies

Essay Type Questions:
Who is managing director? What are his powers?


SOLUTION

A Managing director is a person from a group of managers who guides and leads the whole company as the head of the company. The person controls the overall business of the company and take final and key decision of the company. The power of managing directors are:

1. They have the power to make strategic objectives and plan of the company. 

2. They create the long term policies of the company. 

3. They have the power to hire and terminate any employer or employee in the company. 

4. They take all the financial decision of the company. 

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Subjective Medium Published on 18th 08, 2020
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