By virtue of their organizational position, managers have the formal authority or power to give orders and approve or deny employee requests. This explains which type of power?

A. expert power
B. referent power
C. coercive power
D. legitimate power


D. legitimate power

Business

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Variables that measure the effect of the independent variables on the test units are called dependent variables

Indicate whether the statement is true or false

Business

The completed-contract method (as opposed to the percentage-of-completion method) of accounting for revenue from long-term construction contracts should be used in which of the following circumstances?

a. The contractor has been in business for many years and has completed many contracts in the past. b. Reasonably accurate estimates of the degree of completion cannot be made due to the lack of experience with similar types of contracts. c. Reasonable accurate estimates of the degree of completion can be made based on past experience. d. The contracts are of a relatively long duration.

Business

A long-time client of a law firm calls and is upset. The client's mentally handicapped brother has just been tricked into buying an expensive laptop computer

The client, who is the guardian for his brother, wants to make the merchant void the sale and refund the money. The best argument for this might be: A) the brother lacks capacity to enter into a contract. B) the contract should be in writing. C) the Parol Evidence Rule was violated. D) the Statute of Frauds was violated.

Business

Which of the following is true of the Missile Technology Control Regime?

A. It is a group of nuclear supplier countries. B. It authorizes the UN Security Council to impose sanctions, including the adoption of bans on trade, on states whose actions threaten international peace. C. It is a formal group with a permanent organization. D. It was established to limit the proliferation of missiles capable of delivering nuclear weapons.

Business