Max Weber Discussed Three Different Types of Authority

question 53

Multiple Choice

Max Weber discussed three different types of authority. Identify the example below that falls in the charismatic authority category.

• A) Hebrew prophets such as Ezekiel
• B) Pharaohs
• C) Feudal lords
• D) Patriarchs

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Definitions:

Discount Rate

The discount rate applied in DCF analysis to calculate the current worth of anticipated future cash flows.

Option To Wait

A strategic decision opportunity in investment where the investor can delay an investment decision to gather more information or for conditions to improve.

Soft Capital Rationing

Internal constraints imposed by a company's management on the funds allocated for new investments, often due to budgetary constraints.

Financial Markets

Financial markets are platforms where individuals and entities can trade financial securities, commodities, and other fungible items of value at low transaction costs and at prices reflective of supply and demand.