With Respect to the Environment in Which a Business Operates

question 13

Multiple Choice

With respect to the environment in which a business operates, such factors as competition, legal restraints, government controls, and the weather would all be examples of what are called:

• A) controllable elements.
• B) uncontrollable elements.
• C) predictable elements.
• D) demographic elements.
• E) cultural elements.

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Definitions:

Coercive Power

A form of power that is based on the ability to deliver punishments or impose penalties for non-compliance or poor performance.

Expert Power

The ability to influence the behavior of others through the amount of knowledge or expertise possessed by an individual on which others depend.

Personal Power

The capacity of an individual to influence others and control their own environment, arising from personal attributes and skills rather than formal authority.

Organizational Power

The capacity of individuals or groups within an organization to influence others or control resources.