Which of the Following Methods Is Used to Correct Both

question 58

Multiple Choice

Which of the following methods is used to correct both negative and positive externalities?

• A)Private bargaining
• B)Tax on producers
• C)Subsidy to consumers
• D)Direct controls

Explain the role of network models in project management.

Describe the principles of contingency thinking and its application in management.

Understand the concept of total quality management (TQM) and its principles.

Know various quantitative approaches for inventory control, cost minimization, and demand forecasting.

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Definitions:

Legitimate Power

A form of power derived from a position of authority in an organizational structure, which entitles someone to make demands and expect compliance.

Legitimate Power

The authority derived from a position or role within an organization, typically associated with recognized and formal authority.

Coercive Power

The ability to compel or force someone to perform a certain action through threats or punishment.

Reward Power

The ability of an individual to influence others' behavior by controlling the distribution of rewards.