Glo-Bus Exam 2 QUESTIONS AND ANSWERS ALREADY RATED A+

Glo-Bus Exam 2 QUESTIONS AND ANSWERS ALREADY RATED A+ T/F 1) Executives whose visions and decisions help their companies achieve competitive advantage can be considered strategic leaders. T T/F 2) Strategic leaders spend the majority of their time working alone to devise new strategies. F T/F 3) A surprise event that leads to a change in strategic initiatives, such as the accidental discovery of a new use for an existing product, is known as serendipity. T T/F 4) Because they are a crucial component of a firm''s success, customers are considered internal stakeholders. F T/F 5) Under the strategy as a planned emergence model, even entry-level employees can help generate strategic initiatives. T 6) As the CEO of a conglomerate, Eva Morris exhibited her strong commitment toward the company''s core value that customers'' well-being is more important than profit when she convinced the board of directors to liquidate the company''s pesticide subsidiary. The pesticide brand sold by her company was a major revenue earner in lesser-developed nations, but studies indicate that it is a carcinogen. Eva persuaded the board that the company had to be responsible toward society. In this scenario, Eva has demonstrated A) strategic leadership. B) intrapreneurship. C) Machiavellianism. D) individualism. A 7) Strategic leadership pertains to the use of power and influence by ________ to direct the activities of others when pursuing an organization''s goals. A) production workers B) lower-level managers C) external stakeholders D) corporate executives D 8) Yuki is part of a sales team. He effectively coordinates his tasks with others in the team and willingly contributes to their efforts in achieving the team''s objectives. Thus, Yuki is in ________ of the Level-5 leadership pyramid. A) Level 5 B) Level 4 C) Level 3 D) Level 2 D 9) Trung has been an employee with PureEnergy Inc. for 15 years. He started with an entry-level job, and today he is a manager of an entire division. Over the years, Trung has acquired a reputation for doing the right things in the company. Hence, as an efficient leader, he is capable of effectively communicating and motivating his subordinates to work toward the company''s vision and mission. According to the Level-5 leadership pyramid, which is the highest level of leadership Trung has reached so far? A) Level 5 B) Level 4 C) Level 3 D) Level 2 B 10) Which of the following best describes a Level 5 manager in the Level-5 leadership pyramid? A) Connie is an employee who just started her career at DK Inc.; she has already been appreciated for her knowledge and skills in the new company. B) Dmitri is an employee at Infinite Circle Inc.; he has helped his team achieve their targets by contributing to the team''s efforts. C) Luigi is part of the marketing team at RT Corp.; he has been given the charge of managing a team of three, so he will be promoted to a manager''s position next month. D) Asoka is the CEO of Green Machines Inc.; he has helped his company in gaining and sustaining a competitive advantage through ethical decision making. D 11) Which of the following summarizes the difference between corporate strategy and business strategy? A) Corporate strategy deals with how to compete; business strategy deals with where to compete. B) Corporate strategy deals with when to compete; business strategy deals with how to compete. C) Corporate strategy deals with how to compete; business strategy deals with when to compete. D) Corporate strategy deals with where to compete; business strategy deals with how to compete. D 12) The former CEO of Sam''s Club, a division with its own profit-and-loss responsibility, Rosalind Brewer, reported to Walmart''s CEO, C. Douglas McMillon, who as corporate executive oversees Walmart''s entire operations. Sam''s Club, therefore, is a ________ of Walmart. A) corporate partner B) strategic business unit C) branch office D) house brand manufacturer B 13) The CEO of Chyron Media has decided to enter the markets of emerging nations like China and Brazil. This means that the books, magazines, and websites published under the Chyron Media banner would be made available in these nations. Which of the following strategies does this scenario best illustrate? A) corporate strategy B) functional strategy C) business strategy D) divisional strategy A