The Authority That a Manager Has Because of His/her Position

question 50

Multiple Choice

The authority that a manager has because of his/her position in the organizational hierarchy is known as:

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

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Definitions:

Gold Fabric

A material made using gold threads, often used in luxury textiles or high-end fashion.

Markup

The difference between the selling price and the unit cost of an item of merchandise. (Also called gross profit.)

Packaged CD

A Certificate of Deposit sold as part of an investment package or bundle, often offering fixed interest rates.

Interest

A recurring payment at a specified rate for borrowing money or for postponing the payment of an owed amount.