Characteristic of true charismatic-transformational leaders

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Reference no: EM132215976

1. Corporate governance failures at Fannie Mae and Freddy Mac included all of the following EXCEPT

a lack of understanding regarding the risks of subprime loan strategies.

a strong independent board of directors that was responsible for making independent judgments about the validity and wisdom of management's proposed strategic actions.

inadequate monitoring of the CEO and other senior executives.

fraudulent executive compensation systems.

ineffective oversight of the accounting principles employed to accurately determine earnings.

2. Which of the following is not a way in which transformation takes place?

a. Spreading resources throughout the organization

b. Facilitating proactive behavior

c. Helping people search for self-fulfillment

d. Building trust

3. Which of the following is a characteristic of true charismatic and transformational leaders?

a. They tend to overemphasize charisma and celebrity status at the expense of concentrating on running the business.

b. They develop a personal brand, including making an impressive appearance.

c. They have a self-promoting personality.

d. They are highly concerned about human welfare and attaining outstanding organizational performance.

4. Lucy is preparing to invest in a new online franchise, Notable Moments. The franchisor provides the exclusive software and training for designing invitations and cards for special occasions such as weddings, graduations, and birth announcements. In return, the franchisee is required to pay a monthly fee to the franchisor. Lucy will use the Notable Moments software to create her own special designs that she will ultimately feature on her website. Order turnaround time must be fast. She can only take on as many clients as she can make good on delivery. An advantage of Lucy's online franchise is that she

has a limited territory.

has a narrow product offering.

does not need name recognition or marketing assistance.

has an unlimited territory.

Reference no: EM132215976

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