Unit 4: Management, Leadership & Strategy
Business & Finance · Unit 4 · Paper 3

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 3” 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

Centralization vs decentralization

2

Vertical vs horizontal integration

3

Maslow's hierarchy of needs

4

Corporate culture

5

Porter's five forces

6

Transactional vs transformational leadership

7

Synergy, and why it is often overstated

8

Span of control

9

Change management and resistance

10

Corporate governance

11

Porter's generic strategies

12

Principal-agent problem

Short answer 1. Define or explain: The four functions of management

3 pts

Short answer 2. Define or explain: Organizational structure: tall vs flat

3 pts

Short answer 3. Define or explain: SMART goals

3 pts

Short answer 4. Define or explain: Strategic vs tactical vs operational planning

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.