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Make a visit to a bank in your locality. Ask the manager about the activities performed by the top-level management. Prepare a draft outlining the functions of the top-level management in the bank and submit it to your subject teacher for presentation in the classroom.



Answer :

GinnyAnswer

Final answer:

Top level management in a bank is responsible for setting goals, making strategic decisions, representing the bank externally, resource allocation, and risk management.


Explanation:

Functions of Top Level Management in a Bank:

  1. Setting Goals and Strategic Planning: Top level management is responsible for setting the overall direction and goals of the bank.
  2. Decision Making: They make high-level decisions that affect the entire organization, such as major investments or changes in operations.
  3. Representing the Bank: Top managers represent the bank externally, building relationships with stakeholders and regulators.
  4. Resource Allocation: They allocate resources such as capital and personnel to different departments and projects.
  5. Risk Management: Identifying and mitigating risks to ensure the bank's stability and compliance.

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