The Amount of Legitimate Power a Leader Has by Means

question 77

True/False

The amount of legitimate power a leader has by means of the leader's position in the organization's hierarchy is known as position power.

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Definitions:

Net Income

The total earnings of a company after all expenses and taxes have been deducted from gross sales.

Accounts Receivable

Receivables from customers to a business for commodities or services rendered but payment has not been made yet.

Financing Activities

Actions that involve the inflow or outflow of money to fund a company's operations, expansion, or to settle its obligations.

Issuing Debt

The process by which corporations or governmental entities raise money for operations, investment, or financing by issuing bonds, notes, or other forms of debt instruments to investors.