The power that managers have resulting from their formal positions within organizations is called ______ power.
A. referent
B. legitimate
C. reward
D. coercive
E. expert
B. legitimate
Legitimate power, which all managers have, is power that results from managers' formal positions within the organization.
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Unlike a mediator, an arbitrator ______.
a. works on behalf of a labor union b. works on behalf of management c. makes a recommendation only d. makes a binding decision
Sales engineers are people with extensive knowledge of their product who also:
A) provide service on the product after the sale B) develop the product as part of the research and development team C) communicate the benefits of the product to the customers D) have advanced degrees in science or technology E) have graduate-level sales training
Upon review of Mack's statement of cash flows, the following was noted: Cash flows from operating activities $ 15,000 Cash flows from investing activities 40,000 Cash flows from financing activities (50,000) From this information, the most likely explanation is that Mack is:
A) using cash from operations and selling long-term assets to pay back debt. B) using cash from operations and borrowing to purchase long-term assets. C) using its profits to expand growth. D) using cash from investors to provide for operations.
A firm should choose all five promotional elements in its promotional mix and use them in equal degrees
Indicate whether the statement is true or false a. True b. False