The TMT is composed of the: top officer listed in a firm\'s annual report and th
ID: 369393 • Letter: T
Question
The TMT is composed of the:
top officer listed in a firm's annual report and the Board of Directors.
heterogeneous group of independent contractors selected by the CEO.
CEO and chairperson of the Board.
key individuals who are responsible for selecting and implementing a firm's strategy.
a.top officer listed in a firm's annual report and the Board of Directors.
b.heterogeneous group of independent contractors selected by the CEO.
c.CEO and chairperson of the Board.
d.key individuals who are responsible for selecting and implementing a firm's strategy.
Explanation / Answer
The correct answer is option d.
Top management team (TMT) or Top-level management is the first level of management which comprise of senior-level executives who hold the most responsibility. These include Chief operating officer (COO), Chief Executive Officer (CEO), Chief Financial Officer (CFO), President, or Vice President. Thus, a company’s top management team is generally composed of managers with the title of vice-president and above. They are responsible for making the primary decisions within a company. They participate in policy formulation, strategic planning, etc. and focuses on all elements that is important for survival, stability and growth of the organization.
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