Thomas Is an Executive in a Firm's IT Department

question 39

Multiple Choice

 Thomas is an executive in a firm's IT department. He has immense knowledge in IT and has come up with many technological innovations, which had helped the organization to perform its activities more efficiently. Moreover, he has the ability to solve all types of issues that arise on a daily basis with relative ease. As a result, the individuals in the organization have developed great respect for him. Identify the kind of power demonstrated by Thomas.

• A) Referent power
• B) Reward power
• C) Expert power
• D) Coercive power

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Definitions:

Security Agreement

A contract that creates a lien on collateral, securing the performance of an obligation, commonly used in secured loan transactions.

Debtor

An individual or entity that owes money or other forms of obligations to another party, known as the creditor.

Perfection

A legal process by which a secured creditor establishes a priority claim on a debtor's asset over others, often through a public registration.

Legal Steps

The procedures or actions required by law to achieve a certain outcome, such as filing a lawsuit or executing a contract.