Connie is a top-level manager for an online clothing company. How can Connie ensure that she has an adequate amount of expert power to perform her leadership roles?
What will be an ideal response?
Effective leaders take steps to ensure that they have an adequate amount of expert power to perform their leadership roles. They may obtain additional training or education in their fields, make sure they keep up with the latest developments and changes in technology, stay abreast of changes in their fields through involvement in professional associations, and read widely to be aware of momentous changes in the organization's task and general environments.
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Apparent authority may arise in all but which of the following ways?
A) The acts are customary of an agent in similar positions in an organization. B) The principal has acquiesced to prior similar transactions between the agent and the third party. C) The agent shows the third party a power of attorney from the principal authorizing the agent to enter such a transaction. D) An agent tells the third person she has the authority to transact such business on behalf of the principal.
Consider the following items of information:I. The target recovery period. II. The discount rate. III. The timing (i.e., year) of a cash flow. Which of the above items would be needed to calculate the present value of a cash flow?
A. I only. B. I, II, and III. C. II only. D. II and III. E. I and II.
The term "red herring" that is used for a prospectus before it is approved by the SEC comes from:
a. the traditional red ink and reddish paper used in writing a prospectus b. ancient Roman law traditions c. a reference to being "in the red" d. no one knows e. the red paper used when the Securities Act of 1933 was enacted
Restructuring generally results in a reduction of managerial levels within an organization
Indicate whether the statement is true or false.