The Three Types of Organizational Power, That Is, Legitimate, Reward

question 119

True/False

The three types of organizational power, that is, legitimate, reward, and coercive, are derived primarily from a person's position within the organization.

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Definitions:

Cyclical Unemployment

Unemployment caused by a downturn in the economic cycle, such as a recession, which reduces the demand for goods and services.

Structural Unemployment

Unemployment caused by a mismatch between workers' skills and the requirements of available jobs, often due to technological or economic changes.

Frictional Unemployment

The short-term unemployment that arises from the process of matching workers with jobs, often due to workers changing jobs or entering the workforce.

Potential Output

The highest level of real GDP (gross domestic product) that can be sustained over the long term without increasing inflation.