When Other Members Value the Knowledge or Expertise of a Person,that

question 29

Multiple Choice

When other members value the knowledge or expertise of a person,that person has

• A) reward power.
• B) punishment power.
• C) referent power.
• D) expert power.

---

Definitions:

Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency.

Marketable Securities

Financial instruments and assets that are easily convertible into cash, typically with high liquidity and short maturities.

Current Ratio

A financial metric indicating the capacity of a business to meet its obligations due within the next year, determined by dividing its current assets by its current liabilities.

Acid-Test Ratio

The acid-test ratio is a liquidity metric that measures a company's ability to cover its short-term liabilities with its quick assets (excluding inventory).