Examlex
Which of the following statements about factors of production is the most accurate?
Corporate PACs
Political Action Committees funded and organized by corporations to collect and donate money to political campaigns and candidates.
Republican Party
A major political party in the United States known for its conservative positions on economic and social issues.
Institutionalized Power
Power that is established, maintained, and recognized by societal norms and institutions, often embedded in laws, traditions, and organizational structures.
Legitimate Power
Authority that is recognized and accepted by others within an organizational or societal structure, often based on a person's role or position.
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