Explain the Following Types of Authority (Rational/legal, Traditional, Charismatic) as Discussed

question 27

Essay

Explain the following types of authority (rational/legal, traditional, charismatic) as discussed by Weber, using concrete contemporary examples.

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Definitions:

Accounting Standards

Formal guidelines and rules for accounting practices that determine how financial statements are prepared and presented.

FASB

Financial Accounting Standards Board, an independent nonprofit organization responsible for establishing accounting and financial reporting standards for companies and nonprofit organizations in the United States.

Bright-line Rules

Clearly defined rules or standards that leave little ambiguity and are easy to implement or enforce.

Pronouncements

Official statements or declarations, often from authoritative entities, that dictate principles or procedures in various fields like accounting.