Because Weber's Authority Types Are Ideal, These Concepts Are Easier

question 44

Essay

Because Weber's authority types are ideal, these concepts are easier to apply to positions of power (like a judge) rather than actual people in power (like Judge Judy). To illustrate this aspect of ideal typical conceptualizations of authority, describe how an actual person in power actually has a certain amount of each type of authority rather than just one type over another.

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Definitions:

Liability

A financial obligation or debt that an individual or company owes to another party.

Asset

An economic resource owned or controlled by an entity that is expected to provide future economic benefits.

Income Summary

An account in the ledger that aggregates all the revenues and expenses for the period, used to transfer net income or loss to owner's equity.

Merchandise Inventory

Goods a company holds for the purpose of sale to customers.