Using the Classification System of John French and Bertram Raven

question 41

Multiple Choice

Using the classification system of John French and Bertram Raven, which of the following people is most likely to have very high legitimate power?

• A) an executive at a powerful company
• B) an extremely knowledgeable and experienced volunteer carpenter
• C) a low-level HR person who oversees assigning bonuses
• D) a popular high school senior who is good at sports

---

Definitions:

Balance of Payments

This is a record of all financial transactions made between consumers, businesses, and the government in one country with others.

Managed Floating Exchange Rate

A currency value system that allows its exchange rate to fluctuate in response to the foreign-exchange market but with central bank interventions to stabilize it when deemed necessary.

Flexible Exchange Rates

A foreign exchange system where exchange rates are determined by the supply and demand for currencies and can fluctuate freely.

Nation's Currency

The legal tender or monetary system that a country uses for its economic transactions.