Referent Power

question 23

Multiple Choice

Referent power:

• A)is derived from a position of authority inside the organization.
• B)exists when a person has control over punishments in an organization.
• C)exists when others have a desire to identify and be associated with a person.
• D)is derived from a person's expertise,skill,or knowledge on which others depend.
• E)exists when someone has control over the resources or rewards another person wants.

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Definitions:

Accounts Receivable Period

The mean duration that a company takes to collect payments from its customers for products or services provided on credit.

Cash Collection Period

The average period of time between when a sale is made on credit and when the payment is received.

Bank Deposit

Funds placed into a banking institution for safekeeping, which can include savings accounts, checking accounts, and certificates of deposit.

Inventory Cycle

The process or time frame from when inventory is acquired to when it is sold, highlighting inventory management efficiency.