Because There Is No Rule for Succession When a Charismatic

question 54

Multiple Choice

Because there is no rule for succession when a charismatic authority figure dies, the leader will sometimes name a successor or build an organization that can govern after the charismatic figure is gone. Weber called this transition of authority the

• A) traditional authority.
• B) routinization of charisma.
• C) revolution.
• D) best of all possible worlds.

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Definitions:

Asset's Total Assets

The summation of everything of value owned by a person, company, or organization, including both current and non-current assets.

Stand-alone Risk

The risk associated with a single asset or investment, without considering the asset's interaction or diversification effects within a portfolio.

Coefficient of Variation

A statistical measure of the dispersion of data points in a data series around the mean, used to assess the level of volatility relative to the mean.

Countercyclical

Describes economic policies or activities that move in opposition to the business cycle, aiming to stabilize the economy by reducing fluctuations.