According to Max Weber, the ________ type of power is where laws and constitutional processes create legitimate authority.

A) Charismatic
B) Non-traditional
C) Legal-rational
D) Traditional


C) Legal-rational

Business

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Polaroid had a unique competitive advantage for many years until it forgot to observe competitive intelligence. The firm went bankrupt when people began taking digital pictures. Polaroid provides a great example of Porter's supplier power.

Answer the following statement true (T) or false (F)

Business

A company may outsource some of its production in order to focus on core competencies

Indicate whether the statement is true or false

Business

In negotiated transfer pricing, the selling division sets the ceiling (maximum possible transfer price) for the bargaining range

Indicate whether the statement is true or false

Business

Compare and contrast the common law system and the civil law system

What will be an ideal response?

Business