Compare and contrast the five bases of power.
What will be an ideal response?
The five types of power are coercive, reward, legitimate, expert, and referent
power. Coercive power is the authority to punish. Reward power is the authority to
provide incentives or other things valued. Legitimate power is the authority to make a
request and get a response due to the nature of roles between two people. These
previous three sources of power are based on the position in the organization. The
following two have no relationship to their position. Expert power is the ability to
influence others due to knowledge or a special skill set. Referent power is the ability to
influence based upon others’ identification with the individual and followers’ desire to
emulate them.
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Indicate whether the statement is true or false
In the context of grit, committing to activities that enhance skills, as well as prioritizing improvement over perfection is called __________.
a. courage b. excellence c. conscientiousness d. perseverance
Float is always measured in exactly the same way as slack
Indicate whether the statement is true or false
Assume that the current interest rate on a 1-year bond is 8 percent, the current rate on a 2-year bond is 10 percent, and the current rate on a 3-year bond is 12 percent. If the expectations theory of the term structure is correct, what is the 1-year interest rate expected during Year 3? (Base your answer on an arithmetic rather than geometric average.)?
A. ?12.0% B. ?16.0% C. ?13.5% D. ?10.5% E. ?14.0%