Which of the Following Statements About Power Is FALSE

question 68

Multiple Choice

Which of the following statements about power is FALSE?

• A)Power exists only when the dependent party is aware that the power holder controls valued resources.
• B)Power requires interdependence in the relationship.
• C)Power is the capacity to influence,rather than the actual practice of influencing others.
• D)Power exists only when one person has something of value for a second person,but the second person has nothing of value for the first person.
• E)People sometimes gain power by convincing others that they have something of value for them.

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Definitions:

Statement of Stockholders' Equity

A financial statement that shows changes in the value of a company's equity over a specific period, including stocks and retained earnings.

Income Statement

A document detailing a company's income, outgoings, and financial performance for a set timeframe.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a snapshot of its financial condition.

Accounts Payable

Obligations a company must settle with lenders or suppliers within a short timeframe, often within a year.