Power Coming from a Formal Management Position in the Organization

question 111

Multiple Choice

Power coming from a formal management position in the organization and the authority granted to it is called __________ power.

• A) referent
• B) coercive
• C) reward
• D) legitimate
• E) expert

---

Definitions:

Current Account

A component of a country's balance of payments that measures the trade of goods and services, along with earnings on foreign investments minus payments made to foreign investors.

International Monetary Reserves

Assets held by a country's central bank to back its national currency and provide financial and economic stability.

Remittances

Payments by immigrants to family members and others located in the immigrants’ home countries.

Exchange Rate

A measure representing how much one currency can be exchanged for another, impacting international trade and finance.