Legitimate Power and Its Effectiveness of Formal Authority That Are

question 43

Multiple Choice

Legitimate power and its effectiveness of formal authority that are derived from the willingness of the followers to:

• A) create a group structure that gives one person a power base, group members generate a willingness within themselves to obey that person's directives.
• B) willingly give up their right to participate in every decision by vesting authority in someone who can act on their behalf.
• C) acknowledge the legitimacy of the organizational structure and the system of rules and regulations that empowers its leaders.
• D) simply show respect for a person's position or organization.
• E) All of the answers are correct.

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Definitions:

Standard Cost

A predetermined or budgeted cost of manufacturing a product or performing a service, used as a benchmark to measure performance.

Direct Materials Quantity Variance

The difference between the actual quantity of direct materials used in production and the standard quantity expected, multiplied by the standard cost per unit.

Direct Materials Price Variance

It measures the difference between the actual cost and the standard cost of direct materials used in production, indicating how effectively a company is purchasing its raw materials.

Actual Costs

The actual expenses incurred in the production or acquisition of goods and services, as opposed to estimated or standard costs.