As Our Society Moves from an Industrial to a Knowledge-Based

question 70

Multiple Choice

As our society moves from an industrial to a knowledge-based economy,employees are gaining:

• A) reward power.
• B) legitimate power.
• C) referent power.
• D) expert power.
• E) coercive power.

---

Definitions:

Corporate Actions

Activities undertaken by a corporation's management that have substantial impacts on the company's stakeholders, including actions like mergers, acquisitions, share splits, and dividend payments.

Social Responsibility Strategy

A plan of action for a business that aims to contribute positively to society, considering the impact of its operations on environmental and social well-being.

Classical Economic

An economic theory originating in the 18th century that advocates for free markets, competition, and the idea that an invisible hand guides supply and demand.

Neo-Capitalist

A modern version of capitalism that incorporates elements of social progress within the free market system for broader economic development.