What Is the Difference Between Power and Prestige

question 49

Multiple Choice

What is the difference between power and prestige?

• A) Power is the ability to make others do what they do not want to do, while prestige is being awarded particular respect or honor.
• B) Prestige is the ability to make others do what they do not want to do, while power is being awarded particular respect or honor.
• C) Power is having a higher economic status than others in your community, while prestige is having a more elite heritage.
• D) Prestige is having a higher economic status than others in your community, while power is having a more elite heritage.

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Definitions:

Retained Earnings

Profits that a company keeps or retains after paying dividends to shareholders, which are often reinvested in the business or used to pay down debt.

Accumulated Other Comprehensive Income

The cumulative effects of other comprehensive income items reported separately in the Stockholders’ Equity section of the balance sheet.

Long-Term Investments

Assets intended to be held for more than one fiscal year, including bonds, stocks, or real estate, aiming for future returns.

Reduce Expenses

A financial strategy aimed at decreasing costs to increase profitability.