Read the following text and answer question 'Saarthi', the name has been associated with the manufacturing and sale of Fashion products since 1960, when Kapil Saarthi opened his first retail fashion clothing outlet in Ahmedabad. Sarthi Cosmetics was incorporated in India in 1940, and became a member of the S & M family of companies in 1959. Sarthi Perfumes began operations in Gujarat in an existing administrative S&M facility in 1985. An important difference between S&M and most other companies is that instead of operating as one large corporation it operates as 180 smaller companies each focused on a specific product and area, implying selective dispersal of authority, recognising the decision makers need four autonomy, as decision making authority is pushed down the chain of command. It enables the company to maintain short lines of communication with customers and employees, and accelerate the development of talent.1. Identify the philosophy that is being followed by S&M through which it is dividing the decision making responsibilities among hierarchical levels. (a) Delegation of authority (b) Decentralization of authority; (c) Division of work (d) Span of management.2. ‘Why is there, need to apply the philosophy being followed by S&M, with caution? (a) As it can cause a delay in communication (b) As it can cause disintegration of the organisation (c) As it can increase the workload of the top management (d) As it can reduce the chances of growth of the firm.3. The application of the philosophy discussed above can foster a sense of competition amongst the departments, which in turn will help the firm in the following manner: (a) Facilitates growth (b) Better control (c) Relief to top management (d) Quick decision making4. Quote the line from above which highlights the importance of the philosophy towards providing management education to employees. (a) “Maintain short lines of communication (b) ‘Accelerate the development of talent’ (c) ‘selective dispersal of authority; (d) ‘Recognises decision makers need for autonomy’5. As “The decision making authority is pushed down the chain of command” at S&M enterprises, it provides the benefit of quick decision making to the organisation because: (a) There is no requirement for approval from many levels (b) Organisation is able to generate more returns (c) There are innovative performance systems (d) It's a means of management education6. The philosophy being followed by S&M is not followed by most other companies. This tells us that the philosophy is :(a) Optional (b) Compulsory (c) Limited to superior and his subordinate (d) Merely done to lessen the burden of the manager