Examlex
The ________ is the lowest rate of interest charged on business loans to the best business borrowers by the nation's leading banks.
Traditional Authority
The norm in tribal and feudal societies, involves rulers inheriting authority through family or clan ties. The right of a family or clan to monopolize leadership is widely believed to be derived from the will of a god.
Higher Principle
An overarching ethical or moral standard that guides decisions and actions, often prioritized over other considerations.
Charismatic Authority
Based on belief in the claims of extraordinary individuals to be inspired by God or some higher principle.
Legal-Rational Authority
Is typical of modern societies. It derives from respect for the law. Laws specify how one can achieve office. People generally believe these laws are rational. If someone achieves office by following these laws, people respect their authority.
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