Explain what Veblen meant by the term "invidious distinction."
What will be an ideal response?
The meaning of invidious distinction is when consumers purchase items to inspire envy of others through their display of wealth and power.
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______ theory explains the behavior of organizations in terms of their dependence on external constituencies.
A. Supply-side B. Isomorphism C. Market failure D. Resource dependence
________ refers to the degree to which the position enables the leader to get others to comply with his or her directions.
A) Position power B) Task structure C) Personal relationships D) Compliance
________ is the ability of one person to influence others to attain objectives.
A. Leadership B. Staffing C. Reengineering D. Planning
Sahali Trading Company has issued $100 million worth of long-term bonds at a fixed rate of 9%. Sahali Trading Company then enters into an interest rate swap where it will pay LIBOR and receive a fixed 8% on a notional principal of $100 million. After all these transactions are considered, Sahali's cost of funds is __________.
A. 17% B. LIBOR C. LIBOR + 1% D. LIBOR - 1%