Unit 4: Management, Leadership & Strategy
Business & Finance · Unit 4 · Paper 2

Management, Leadership & Strategy unit test

A test on this unit alone, marked as a percentage and a letter grade — for the test your class is actually sitting, rather than for May. Answer everything, then submit once: seeing the answer to question 3 before attempting question 4 makes the final percentage meaningless.

Paper 1Paper 2Paper 3
Each paper is built from this unit’s 30 terms and is the same for everyone, so a teacher can assign “Unit 4, Paper 2” and every student sits the identical test. Multiple choice is marked objectively; the written sections you mark yourself against the model answer and rubric.
Suggested time 34 min 31 points0/17 attempted
1

Porter's five forces

2

Strategic vs tactical vs operational planning

3

Leadership styles

4

Principal-agent problem

5

Corporate governance

6

Change management and resistance

7

Stakeholder vs shareholder

8

Corporate social responsibility

9

Situational leadership

10

Organizational structure: tall vs flat

11

Corporate culture

12

Maslow's hierarchy of needs

Short answer 1. Define or explain: Vertical vs horizontal integration

3 pts

Short answer 2. Define or explain: Span of control

3 pts

Short answer 3. Define or explain: Organic vs inorganic growth

3 pts

Short answer 4. Define or explain: Transactional vs transformational leadership

3 pts

Free response

7 pts

Brightpath Tutoring has grown from 4 employees to 38 in three years. The founder still approves every hiring decision, every course outline, and every expenditure over $200, and reports that she works 70-hour weeks and that decisions are increasingly delayed. Tutors report that they do not know who to ask when a scheduling conflict arises. Two experienced tutors have resigned in the past quarter, both citing a lack of advancement.

Identify the central management problem and explain why it produces the specific symptoms described.

Explain the difference between centralized and decentralized decision-making, and state which Brightpath currently uses.

Describe a specific organizational change that would address the problem, including what authority would move and to whom.

Explain one risk of the change you proposed.

Identify one leadership style that would suit the founder after the change, and explain why.

Conduct a brief SWOT analysis of Brightpath, giving one item under each heading.

Explain how the founder should measure whether the change worked.