Which of the Following Is True of Power

question 1

Multiple Choice

Which of the following is true of power?

• A) A high need for power is an important characteristic of successful managers.
• B) Power is not related to leadership.
• C) Staff personnel have little power but much authority to influence line managers.
• D) A leader's possession of authority is sufficient to assure that subordinates respond as the leader's desires.

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Definitions:

Miller-Orr Model

The Miller-Orr Model is a financial model used to manage cash flow and determine the optimal balance between holding cash versus short-term investments.

Disbursements

Payments made by a business, often related to operational expenses or loan repayments.

Optimal Average Cash Balance

The ideal level of cash a company seeks to maintain to minimize the costs associated with holding too much or too little cash.

Weekly Interest Rate

Interest calculated and applied on a weekly basis, often referred to in terms of loans or savings.