______ power derives from one's personal attraction.

A. Legitimate
B. Reward
C. Referent
D. Coercive
E. Personalized


C. Referent

Referent power is power deriving from one's personal attraction. This kind of power characterizes strong, visionary leaders who are able to persuade their followers by dint of their personality, attitudes, or background.

Business

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Dividends to preferred stockholders are deducted from net income when calculating the return on common stockholders' equity ratio because

a. dividends are not an expense on the income statement. b. the ratio is an indicator of the return on "common" stockholders' equity, not the return on preferred stock. c. dividends are only available for distribution to common stockholders. d. conservatism indicates that shareholders prefer a smaller numerator.

Business

Developing MRP plans and schedules by assuming infinite capacity and on-time, correct delivery of materials ordered by the suppliers is known as ______.

a. assumption-based manufacture b. open loop MRP system c. CRP II d. batch manufacture

Business

The highest level of brand familiarity is brand

A. equity. B. recognition. C. insistence. D. nonrecognition. E. preference.

Business

Financial statement analysis is one of the fundamental concepts that a nonfinancial manager should understand in order to:

A) better assess the current environment in which the firm operates. B) better assess the future financing requirements. C) better understand the role of capital markets in raising long-term funds. D) better measure and create value for the shareholders.

Business