Business studies: Leadership Styles

In what scenario is an autocratic leadership style most effective?

A democratic leader makes decisions independently, without seeking input from the team.

Which leadership style involves team members in the decision-making process?

An autocratic leadership style can be seen to lower team ____ due to lack of involvement.

Match the leadership style with its characteristic:

In what scenarios is democratic leadership most effective?

A significant disadvantage of democratic leadership is that it always leads to faster decision-making processes.

What is the primary focus of a transformational leader?

Transformational leadership is especially useful when launching new, _______ products or services.

Match the leadership style with its primary characteristic:

Which leadership style is characterized by minimal guidance and allows for independent work?

Transactional leadership focuses primarily on long-term vision and employee growth.

In what type of environment is the Laissez-Faire leadership style most effective?

A leadership style based on exchanges between leaders and followers is known as ______ leadership.

Which leadership style may NOT stimulate creativity and innovation?

Great leaders should stick to one leadership style, no matter the situation.

In a situation requiring clear structure and quick results, which leadership style would be MOST suitable?

Which of the following is NOT a characteristic of a project?

Project management primarily focuses on minimizing communication with stakeholders to avoid confusion.

Name the four key steps involved in project management.

A project is a __________ endeavor to create a unique product, service, or result.

What is the primary aim of project management?

Which of the following factors contributed to the Denver International Airport (DIA) project failure?

Effective project management is not critical for aligning projects with organizational goals.

Match each stage of project management with its description:

In the context of project management, what is the primary role of a project manager?

Scope creep refers to the project manager's intentional addition of features to the project based on their knowledge.

Name the three elements of the Project Management Triangle.

The step in project management that involves defining the project and obtaining approval is known as ______.

According to the Project Management Triangle, how does increasing the project scope typically affect the timeline and budget, assuming quality is to be maintained?

Effective communication is not important for project stakeholders, as long as the project stays within budget and on schedule.

Which of the following demonstrates a risk underestimation in project management?

Match the following steps in project management with their descriptions:

In which scenario is the Waterfall model most appropriate?

Agile methodology is characterized by its rigid, sequential approach to project management, emphasizing strict adherence to initial plans.

What is the primary function of a Scrum Master within the Scrum methodology?

In Scrum, work is divided into short cycles called ______.

Match the project management methodologies with their key characteristics:

Which of the following is a key advantage of using Agile methodology in software development projects?

The Waterfall model is ideal for projects where stakeholder involvement is high and changes are expected frequently throughout the development cycle.

What is the purpose of a 'sprint retrospective' in Scrum methodology?

Which scenario is most suitable for using the Kanban methodology?

Lean methodology primarily focuses on eliminating physical waste in the manufacturing process and does not extend to other wasteful practices in project management.

What is the primary goal of Lean methodology?

The Critical Path Methodology helps determine the ______ possible time to complete the project.

Match the following methodologies with their core characteristics:

Which project characteristic makes Waterfall methodology a good fit?

In Scrum, Kanban boards are reset after each sprint, similar to Scrum boards.

What are the two major components of Gantt chart?

Combining Lean principles with Critical Path Methodology can lead to ______ , streamlined projects.

What information is visually represented by the bars in a Gantt chart?

Which of the following is NOT typically a primary area of impact for project risks?

Risk management only focuses on avoiding negative impacts on a project.

Name one method used to identify potential risks in a project.

__________ assessment categorizes risks based on their severity and probability of occurrence.

Which risk mitigation strategy involves shifting the risk to a third party?

Choosing a proven technology rather than an experimental one is an example of which risk mitigation strategy?

Match each type of risk with its description:

Monte Carlo simulation is a qualitative risk assessment technique.

Which of the following is the MOST important reason for properly closing a project?

Informing stakeholders is a step that is completed before handing over deliverables and documentation during project closure.

What is the purpose of conducting a post-project evaluation?

The Cost Performance Index (CPI) is a key performance indicator that offers a ratio showing costs so far versus the amount to be ______.

Match each project closure step to its corresponding description.

Which activity is part of the 'Post-project evaluation'?

Why is it important to compare planned versus actual results during project closure?

What is the significance of cycle time as a key performance indicator (KPI) in project management?