All of the Following Are Ways for Managers to Create

question 25

Multiple Choice

All of the following are ways for managers to create and maintain power EXCEPT for ______.

• A) doing favors for people
• B) discouraging people from emulating managers
• C) reinforcing the perceived dependency of others on managers for rewards, assistance, and protection
• D) building reputations as experts

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Definitions:

Independent Buyers

Individuals or entities that make purchasing decisions autonomously, without being influenced by sellers.

Competitive Collusion

An illegal agreement between rivals to set prices, limit production, or divide markets, undermining fair competition.

Horizontal Price Fixing

An illegal practice where competitors agree to set prices at a certain level rather than letting market forces determine them.

Lateral Price Fixing

An illegal agreement between competitors at the same level of the supply chain to set the price of goods or services, rather than market forces determining prices.