Which of the Following Statements Is True About Power in an Informal

question 21

Multiple Choice

Which of the following statements is true about power in an informal organization?

• A) It is delegated by managers.
• B) It strictly follows the official chain of command.
• C) It is likely to come from superiors in the formal hierarchy than from peers.
• D) It is usually more unstable than formal authority.

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Definitions:

Economic Profits

The surplus remaining after subtracting total costs from total revenues, including both explicit and implicit costs.

Creative Destruction

A concept in economics that refers to the process by which new innovations lead to the demise of old technologies and economic structures, driving economic growth through renewal.

Joseph Schumpeter

Joseph Schumpeter was a 20th-century economist known for his theories on business cycles, innovation, and the concept of "creative destruction."

Alfred Marshall

A prominent British economist known for his significant contributions to the principles of microeconomics.