Which of the Following Statements Is True of Legitimate Power

question 3

Multiple Choice

Which of the following statements is true of legitimate power?

• A)It is a function of the amount of knowledge one possesses relative to the rest of the members of the group.
• B)It is the potential to influence others through the administration of negative sanctions or the removal of positive events.
• C)It states that leaders have potential influence on their followers because of the strength of the relationship between them.
• D)It means that a leader has authority because she or he has been assigned a particular role in an organization.

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Definitions:

Kinked Demand Curve

A demand curve in oligopoly market structures, characterized by a distinct bend or kink, indicating different elasticity above and below the current price.

Buying Power

The ability of consumers or businesses to purchase goods and services, influenced by income levels and the price of goods and services.

Monopoly

A commercial environment in which a sole vendor markets a one-of-a-kind product.

Perfect Competition

A market structure characterized by an infinite number of small firms, homogeneous products, perfect information, and no barriers to entry or exit.