-Use the Above Table

question 289

Multiple Choice

-Use the above table. If the level of production was determined by the market, it would be

• A) 4.
• B) 5.
• C) 6.
• D) 7.

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Definitions:

Coercive Power

A form of power based on the ability to deliver punishments or impose penalties.

Legitimate Power

The authority that a person or position holds within an organization, which is accepted and recognized by others as right and proper.

Organizational Position

The rank or status of an individual within a company's hierarchy, defining their roles, responsibilities, and authority.

Control

The process of directing and regulating the behavior or course of events in a business to achieve management's objectives.