A Manager's Legitimate Power Over Subordinates Exists When

question 93

Multiple Choice

A manager's legitimate power over subordinates exists when:

• A)the organization grants formal authority over the employees.
• B)the manager is able to reward or punish the employees.
• C)employees agree to let the manager have power over them.
• D)employees are blinded by the manager's charisma.
• E)the organization grants formal authority AND employees agree to let the manager use this authority.

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Definitions:

Comparability

An accounting principle that ensures financial statements can be consistently compared across different periods and entities.

Differential Reporting

A principle allowing entities not to adhere strictly to some accounting standards if their specific size or nature makes such standards not relevant.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by the International Accounting Standards Board (IASB) that serve as a global framework for financial reporting.

ASPE

Accounting Standards for Private Enterprises; a set of accounting principles used in Canada for privately held companies.