Hi there,

I would need help with following questions. I got them wrong on my exam and would need to understand what are the correct answers. I would need answers within next few hours. Thank you!

2 Thedirection settingrole of a leader includes all of the followingEXCEPT:

a) formulating the firm's overall strategy

b) answering to the firm's governance (board of directors and shareholders)

c) actively participating in networking events to gather competitive intelligence on competitors and to develop networks for career

d) articulating and communicating a value-creating mission

e) balancing the conflicting demands of stakeholders

5 Functional organizational structureswork best for firms with:

a) single product product-lines or closely related product-lines sold into one market

b) multiple products sold into multiple markets

c) vertically-integrated companies' production chains that span several industries

d) single product product-lines which operate in geographically separated market places

e) conglomerates like GE

6 Which organizational structure wouldbe most appropriate for a company with a portfolio of different/diverse products and lines of businessthat span several different industries or operate in very different locations:

a) functional structure

b) multidivisional structure

c) matrix structure

d) transnational structure

e) hybrid structure

7 USC's own Larry Greiner documented an empirical generalization, in the early 1970s, about the problems organizations face as they grow over time.His observation remains essentially valid today.In observing theperformance of organizations and their organizational structures and processes over time, he noted:

a) firms should move naturally from organic functional structures to adopting multi-divisional structure over their life cycle

b) management practices and organizational arrangements that work well in time period typically become misaligned and bring on crisis as organizations grow and change over time

c) incentive strategies lose their effectiveness over the life of organizations to motivate executives and employees and must be redesigned and re-energized to be continuously effective

d) managers, because of the unique experiences and skill sets, who are effective in leading organizations at a particular point in time, lose their ability to manage and lead effectively as organizations change over time

e) organizational change agents must recognize that firms naturally move from periods of relative stability to periods of revolutionary change, and must know what stage the firm is in to make effective progress

8 Rookie managers are known to make a lot of "predictable" management mistakes.Which of the follow isNOTa commonly identified reason whynew rookie managers oftenderail?

a) difficulty in building effective teams

b) treating people badly

c) strategic differences with top management

d) lack of follow through

e) lack of technical expertise, functional knowledge, and competencies

10 Wal-Mart's success in the US discount retailing market was due most directly to:

a) its everyday low price (EDLP) strategy and the location of its supercenters

b) the tightly coordinated set of activities that were focused on achieving low costs in everything they did

c) the attractiveness of the US discount industry during the 1970s-1990s

e) the fact that they were able to grow big and attain economies of scope before others realized what they were doing

11 Which of the following best describes how Wal-Mart outperforms competitors?

a) they are better at a few key elements of the value chain

b) they are better at integrating the components of the value chain

c) they mix differentiation and low cost to appeal to more consumers

d) they established monopolies in rural markets