What Type of Power Is More Abstract,often Based on Loyalty

question 2

Multiple Choice

What type of power is more abstract,often based on loyalty or charisma?

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

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Definitions:

Scale of Operations

The scope or size of production, or the level at which a business operates in terms of output.

Average Cost Curve

A graphical representation that shows how the cost per unit of production varies with the quantity produced.

Scale of Production

Refers to the level at which a manufacturing process operates, which can impact the efficiency and cost per unit of production.

Average Costs

The total costs (fixed and variable) divided by the total output, indicating the cost per unit of output produced.