Which of the Following Types of Power Stems from a Leader's

question 26

Multiple Choice

Which of the following types of power stems from a leader's special knowledge?

• A) Reward power
• B) Referent power
• C) Legitimate power
• D) Coercive power
• E) None of these

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Definitions:

Balance Sheet

Also known as a “statement of financial position”; reveals a company’s assets, liabilities and owner’s equity (net worth).

Financial Position

Refers to the status of an entity's assets, liabilities, and equity at a specific point in time, providing insight into its economic situation.

Petty Cash Fund

A small amount of cash on hand used for covering minor expenses, managed through a specific accounting methodology.

Cash

A medium of exchange in the form of coins and banknotes; used to purchase goods or services.