The CEO of a Large Organization Once Commented That Earlier

question 152

Multiple Choice

The CEO of a large organization once commented that earlier in his career, he displayed his diplomas and awards in his office. "Top management would drop by my office and immediately get a sense that I was an expert and a professional," the CEO explained. "I believe displaying my credentials helped me get promoted." The diplomas helped this executive gain power:

• A)because he and his diplomas were not substitutable.
• B)by making everyone else's sources of power less relevant to the organization.
• C)by increasing his coercive power in the organization.
• D)by decreasing his centrality in the organization.
• E)through visibility.

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Definitions:

Absolute Advantage

The ability of a party to produce more of a good or service than competitors, using the same amount of resources.

Free Trade

The absence of tariffs, quotas, or other governmental restrictions on international trade, allowing goods and services to move freely across borders.

Opportunity Cost

Signifies the advantages that a person, investor, or company forgoes by selecting one option instead of another.

Tables

Arrangements of data in rows and columns that systematically display information.