Employees Have More Coercive Power Today Than a Few Decades

question 80

Multiple Choice

Employees have more coercive power today than a few decades ago because

• A)employers have a higher power distance than in the past.
• B)fewer people now attend university than a few decades ago.
• C)referent and legitimate power are no longer valued in organizations.
• D)union density has been reduced in the private sector.
• E)None of these explanations are correct.

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Definitions:

Commission Charges

Commission charges are fees paid for services, particularly in the fields of finance and real estate, calculated as a percentage of the transaction value.

Dollar Amount

The value of something measured in units of currency, specifically U.S. dollars.

Preferred Stock

A class of stock that provides a specific dividend that is paid before any dividends are paid to common stock holders, and which typically has priority over common stock in the event of a liquidation.

Common Stock

A form of corporate equity ownership, representing a claim on a portion of a company's profits and a right to vote on some corporate decisions.