The Hierarchical Arrangement of People in Terms of Power, Prestige

question 120

Multiple Choice

The hierarchical arrangement of people in terms of power, prestige, and resources exists

• A) in Eastern societies of the world.
• B) in Western societies of the world.
• C) in every society of the world.
• D) in very few societies of the world.

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Definitions:

Being Tactless

The quality of being blunt or direct in a manner that may be perceived as insensitive or rude.

Influential People

Individuals who have the power, through their position, expertise, or personality, to affect change or sway decisions within a group or organization.

Strategic Contingency Theory

An explanation of sources of power suggesting that units best able to cope with the firm’s critical problems and uncertainties acquire relatively large amounts of power.

Selling Company Assets

The process of disposing of company-owned assets, either to generate cash in financial distress or to streamline operations.