The Two General Groupings of Power Are ________

question 98

Multiple Choice

The two general groupings of power are ________.

• A) informational and personal
• B) formal and informal
• C) informal and legitimate
• D) personal and formal
• E) direct and indirect

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Definitions:

Break-even Quantity

The volume of production or sales at which total revenues equal total costs, resulting in no net loss or gain for a business.

Variable Costs

Expenses that fluctuate with the level of output or production activity.

Profit

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes needed to sustain the activity.

Cost of Capital

The minimum profit rate a business needs to generate from its investments to keep its market value stable and draw in financing.