Industrialization Increases the Importance of Which Type of Authority

question 1

Multiple Choice

Industrialization increases the importance of which type of authority?

• A) traditional authority
• B) rational-legal authority
• C) charismatic authority
• D) no authority at all

---

Definitions:

Proprietorship Form

A business structure owned by a single individual where there's no legal distinction between the owner and the business.

Raising Money

Raising money involves securing funds for a company or project through various means like debt, equity, or grants.

Securities

Financial instruments that represent ownership (stocks), a creditor relationship (bonds), or rights to ownership (derivatives) that can be bought and sold.

Future Cash Flows

Projected cash receipts and payments over a certain period, considered in investment analysis to determine an asset's present value.