The Ability of a Manager to Give Outcomes to or Withhold

question 9

Multiple Choice

The ability of a manager to give outcomes to or withhold outcomes from subordinates is known as:

• A) legitimate power.
• B) reward power.
• C) expert power.
• D) referent power.
• E) coercive power.

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Definitions:

Price Elastic

describes the responsiveness of the quantity demanded of a good to a change in its price.

Industry Supply

The total quantity of a product or service that is available for purchase in a specific industry at a given price and time.

Transport Cost

Expenses associated with the movement of goods or people from one location to another.

Land Rent

Payment made for the use of land, typically in agriculture, business, or as part of real estate transactions.