Who Among the Following Created a Classification System of Authority

question 58

Multiple Choice

Who among the following created a classification system of authority that distinguishes between traditional, rational-legal, and charismatic authority?

• A) Michael Harrington
• B) Émile Durkheim
• C) Karl Marx
• D) Max Weber

Recognize how courts interpret and apply promissory estoppel in relation to oral contracts and the statute of frauds.

Understand enforceability conditions of oral promises in specific situations.

Comprehend the statute of frauds and its application to various agreements.

Recognize the importance of writing in making certain agreements enforceable.

---

Definitions:

Invested Assets

Assets held by an entity for earning income, gaining profits, or other benefits, including stocks, bonds, and real estate.

Unit Selling Price

The cost that a customer pays per unit of product purchased.

Total Cost Method

An accounting method used for handling inventory, where the cost of goods sold is determined by adding purchase costs less the ending inventory.

Total Cost Method

An accounting approach where all costs of production, including variable and fixed, are used to value inventory and determine cost of goods sold.