Answer FIVE of the following questions. Each answer should not exceed 200 words. All questions in this section carry five marks. When asked to give examples, you should avoid those examples which are used in the core course materials. 1. How does the growth of firms increase the need for managers? Illustrate your answer with two examples. 2. How did The Hawthorne Studies contribute to the development of the Human Relations approach? Provide a brief explanation. 3. How can agency theory lead to employer-employee conflict? 4. What is the 'Internet of Things'? Explain the concept providing two examples of technologies which support the 'Internet of Things'. 5. What does the Cash Flow statement show? Explain briefly why a manager should pay attention to the cash flow. 6. What is 'cost-plus' pricing? When might it be relevant for marketing managers to use this approach to pricing? 7. Explain key differences between technostructure' and 'support staff roles in a headphone manufacturing company. 8. What does VRIO stand for? Provide a brief description of two of the initials.