Legitimate Power Is Based on ________ in the Organization

question 64

Multiple Choice

Legitimate power is based on ________ in the organization.

• A) the ability to provide rewards
• B) interpersonal trust
• C) structural position
• D) expert knowledge
• E) respect and admiration

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Definitions:

Interperiod Tax Allocation

A method used in accounting to allocate income taxes over different periods to match taxes with the revenues they affect.

Future Enacted Tax Rates

Tax rates that have been passed into law but will go into effect at a future date, relevant for financial planning and reporting.

Asset/Liability Method

A method used in accounting to adjust the books for tax purposes, balancing the future tax benefits of assets against the future tax obligations of liabilities.

Accelerated Cost Recovery

A method of depreciation used for tax purposes that allows for higher deductions in the early years of an asset's life.