A Manager with a High Need for Personal Power

question 10

Multiple Choice

A manager with a high need for personal power

• A)will be the most effective manager.
• B)will avoid using organizational politics.
• C)will avoid using that power to influence others.
• D)will use their power for personal gain.
• E)will not be concerned with status symbols.

Apply the concept of the financial control process including its significance and types.

Analyze the concept of project management and its techniques.

Distinguish between different types of control systems and their applications in business.

Understand the components and significance of a balanced scorecard in measuring organizational performance.

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Definitions:

Licensing Agreement

A legally binding contract in which a licensor grants a licensee the right to use, produce, or sell its intellectual property in exchange for compensation.

Production Facility

A place equipped for industrial production of goods or extraction of natural resources.

Negotiable

Refers to the quality of a document or instrument that allows it to be transferred or endorsed to another party, thus enabling the recipient to claim the rights specified in the document.

Authorized Agent

An individual or entity that has been given legal authorization to act on behalf of another person or entity in conducting business or legal affairs.