A Manager's Legitimate Power Over Subordinates Exists When

question 2

Multiple Choice

A manager's legitimate power over subordinates exists when:

• A)the manager is able to reward or punish the employees.
• B)employees are blinded by the manager's charisma.
• C)the organization grants formal authority AND employees agree to let the manager use this authority.
• D)employees agree to let the manager have power over them.
• E)the organization grants formal authority over the employees.

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Definitions:

Social Interests

The collective welfare or well-being of a community or society as a whole.

Pure Competition

Another term for perfect competition, where a market structure features many buyers and sellers, no barriers to entry, and homogeneous products.

Producer Surplus

The difference between the amount producers are willing to sell a good for and the actual price they receive, representing the producers' benefit.

Minimum Price

The lowest price at which a good or service is permitted to be sold, often set by regulation.