An Employee Has Power in the Organization Only When He

question 54

Multiple Choice

An employee has power in the organization only when he or she:

• A) has the authority to influence others.
• B) possesses all five sources of power.
• C) has one or more contingencies of power.
• D) has one or more sources of power.
• E) possesses one or more sources of power, and the contingencies support that power base.

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Definitions:

Net Realizable Value

Net Realizable Value is the estimated selling price of goods minus the estimated cost of completion and sales expenses.

Accounts Receivable

Unpaid amounts by customers for goods or services already supplied by a company.

Write Off

The accounting action of declaring that an asset is partially or totally worthless, reducing its value to zero in the books.

Contra-Revenue Account

An account that is used to record reductions in gross revenue, such as sales returns, allowances, and discounts.