Power Is Legitimate When People Regard Its Use as Valid

question 35

True/False

Power is legitimate when people regard its use as valid or justified.Power is institutionalized when the norms and statuses of social organizations govern its use.These norms and statuses define how authority should be used,how individuals can achieve authority,and how much authority is attached to each status in the organization.

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Definitions:

Percent Of Sales Method

A financial forecasting model that estimates future financial statements based on assumed sales growth and historical financial ratios.

Bad Debts

Unrecoverable amounts owed to a company by debtors that are deemed uncollectable and written off as a loss.

Receivables Methods

Methods used by businesses to manage and account for money owed to them by customers for goods or services delivered on credit.

Due Date

The specified date by which a task, assignment, payment, or project is expected or required to be completed or submitted.