As Organizations Rely Increasingly on Knowledge Rather Than on Machines

question 108

Multiple Choice

As organizations rely increasingly on knowledge rather than on machines and physical resources as the means of production, employees:

• A)are gaining expert power in the workplace.
• B)are losing any power in the labor market.
• C)are gaining more referent power in the workplace.
• D)are becoming more tolerant of their boss's legitimate power.
• E)are becoming less willing to use organizational politics to get their way.

Understand how to calculate the weighted average cost of capital (WACC) and its components.

Grasp the impact of flotation costs on the cost of financing.

Learn the concepts of the marginal cost of capital (MCC) and the investment schedule breakpoint.

Gain knowledge on the cost of different types of capital: debt, preferred stock, equity, and retained earnings.

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Definitions:

Second-Market Pricing

The practice of determining the price of goods and services based on their market value in secondary, often resale, markets.

Gray Market

A situation where products are sold through unauthorized channels, often legally, but without the consent of the original manufacturer.

Manufacturer's Suggested Retail Price

The price that the maker of a product recommends it be sold for in retail stores, often seen as a way to standardize prices and maintain a perceived value.

Authorized Channels

Officially approved and recognized paths or mediums through which products or information are distributed, ensuring legitimacy and compliance with regulations.