Expert Power

question 133

Multiple Choice

Expert power

• A)is derived from organizationally conferred decision-making authority.
• B)arises from manager access, control, and distribution of information that is not freely available to everyone in an organization.
• C)is derived from referent power.
• D)is derived from leader capability and knowledge in a particular field.

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Definitions:

Resale Price Maintenance

Resale price maintenance is a practice in which manufacturers dictate the minimum prices retailers may charge for their products to keep prices at a certain level.

Economic Purposes

The rationale or objectives behind individual or collective economic activities, usually aimed at satisfying needs, accumulating wealth, or improving standards of living.

Prisoners' Dilemma

A scenario in game theory where individuals making rational choices may end up in a worse state due to an inability to cooperate.

Penalty

A punishment imposed for violating a law, rule, or contract.