Chocolate Heaven Had the Following Data for November: the Cost

question 65

Multiple Choice

Chocolate Heaven had the following data for November: The cost of the estimated inventory on November 30 under the retail method is: (Round any percentages to two decimal places, X.XX%, and your final answer to the nearest dollar.)

• A) $6,198.
• B) $8,900.
• C) $21,101.
• D) $3,000.

---

Definitions:

Formal Power Relationship

A structured and officially recognized relationship within an organization where one individual has authority over others based on their position or role.

Subordinates

Individuals who report to and are under the supervision of someone with higher authority within an organizational hierarchy.

Formal Hierarchy

An organizational structure where roles and responsibilities are clearly defined, ranked, and allow for direct lines of authority and command.

Distributed Leadership

describes a leadership approach where control and decision-making are spread among group members rather than centralized in a single leader.