List and explain the five sources of power. Give an example of each.
What will be an ideal response?
Student answers will vary but should demonstrate knowledge of the five sources of power and characteristics of each. A leader with legitimate power has the right, or the authority, to tell others what to do; employees are obligated to comply with legitimate orders. The leader who has reward power influences others because she or he controls valued rewards; people comply with the leader's wishes in order to receive those rewards. The leader who has expert power has certain expertise or knowledge; people comply because they believe in, can learn from, or can otherwise gain from that expertise. The leader with coercive power has control over punishments; people comply to avoid those punishments. The leader with referent power has personal characteristics that appeal to others; people comply because of admiration, personal liking, a desire for approval, or a desire to be like the leader.
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Hebert & Co CPA's anticipates that partners will bill 1,00 . professional hours, managers will bill 7,500 professional hours and staff accountants will bill 25,00 . professional hours. Billing rates are $250, $150 and $75 for partners, managers and staff accountants, respectively, and salary rates are $100 . $60 and $30 for partners, managers and staff accountants, respectively. What is Hebert &
Co's budgeted professional labor cost? a. $3,500,000 b. $2,070,000 c. $2,500,000 d. $1,300,000
Which of the following statements is incorrect related to cultural taboos?
a. Pregnant women of Madagascar may not walk the streets after sundown. b. In Malaysia pointing with one's index finger is taboo. c. In Indonesia the head should not be touched by someone else. d. In the Russian States it is taboo to wear a coat indoors.
The ____________________ of a test is the probability of observing a test statistic at least as extreme as the one from your sample, given that H0 is true
Fill in the blank(s) with correct word
A company issues common stock for $20,000 cash. Record the transaction.
What will be an ideal response?