The Major Significance of the _____ Was That It Was

question 32

Multiple Choice

The major significance of the _____ was that it was the first formal institution that governed international monetary systems.

• A)Nixon Shock
• B)Bretton Woods Agreement
• C)Smithsonian Agreement
• D)World Trade Organization
• E)General Agreement on Tariffs and Trade

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Definitions:

Power Bases

The sources from which an individual or group can exert influence over others, including coercive, reward, legitimate, expert, and referent power.

Expectations-States Theory

Expectations-States Theory proposes that social hierarchies and expectations about individuals' performances in a group are formed based on societal stereotypes and perceptions, influencing group dynamics and member roles.

Work Group

A group of employees working towards common goals and objectives, often within the same department or unit of an organization.

French And Raven's

This elaborates on the original French and Raven model by presenting a framework for understanding social influence in groups through the dynamics of power.