Leroy Was Recently Elected to the Position of Chair of His

question 40

Multiple Choice

Leroy was recently elected to the position of chair of his department at the university. With regard to department business, Leroy now has which type of power?

• A) Reward
• B) Expert
• C) Legitimate
• D) Coercive

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Definitions:

Board of Directors

A group of individuals elected by shareholders to oversee the management and make strategic decisions for a corporation.

Shareholder Rights

The entitlements granted to shareholders of a corporation, including the right to vote on corporate matters, receive dividends, and share in the assets upon dissolution.

Proposed Merger

A plan or offer to combine two or more companies into one entity, subject to approval by regulators and shareholders.

Common Shareholder

An individual or entity that owns shares in a company, granting them ownership equity and usually voting rights.