Which of the Following Is False About Power in Organizations

question 140

Multiple Choice

Which of the following is false about power in organizations?

• A) Power and authority are different concepts.
• B) Power is dynamic, not static.
• C) Power is different from dominance.
• D) Power flows primarily downward in organizations.

Understand the fundamental concepts of organizing, including differentiation and integration, as well as the impact of external factors on organizational design.

Understand the difference between Purchase Orders and Bills within a business context.

Recognize the importance and function of lists in QuickBooks Online (QBO) for inventory management.

Identify the payment methods available to customers in QBO.

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Definitions:

Profit-Maximizing Firm

A company that operates with the objective of making the highest possible profit.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing the benefits one misses out on.

Accounting Profits

The total revenue of a company minus the explicit costs, not including opportunity costs, showing the financial performance.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.