The Power and Discretion of Top Executives Are Greater When

question 51

Multiple Choice

The power and discretion of top executives are greater when ________.

• A) there is a strong organizational culture resistant to change
• B) the CEO answers to a strong board of directors
• C) surplus financial reserves are available to fund new ventures
• D) labor unions have sufficient power to block changes a leader wants to make

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Definitions:

Product Promotion

The act of marketing or advertising a product to increase awareness or sales.

Different Industries

Sectors of the economy that produce different types or categories of goods and services.

Entry Barriers

Obstacles that make it difficult for new competitors to enter a market, which can include high startup costs, regulatory requirements, and strong brand loyalty among existing customers.

Dominant Firms

Companies that have a major share of sales in a particular market, giving them significant power over the market price.