How Does Managers' Workplace Power Compare to Professionals' Workplace Power

question 23

Multiple Choice

How does managers' workplace power compare to professionals' workplace power?

• A) Managers' power comes from control over daily routines, whereas professionals possess highly specialized skills.
• B) Neither has much power in the workplace; almost all power resides in the owner of the firm.
• C) Both derive power from the fact that they control the finances of a firm; money equates with power.
• D) Professionals' power comes from control over daily routines, whereas managers possess highly specialized skills.

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Definitions:

Economic Efficiency

A situation where resources are allocated in a way that maximizes the production of goods and services at the lowest cost.

Deadweight Loss

A loss of economic efficiency that can occur when the free market equilibrium for a good or a service is not achieved.

Cable Television

A system that delivers television programming through coaxial or fiber-optic cables directly to viewers.

Lump-Sum Payment

A one-time payment made for a particular item or service, rather than payments spread over time.