Which Type of Power Is Derived from Having a Position

question 31

Multiple Choice

Which type of power is derived from having a position or degree of authority within an organization?

• A) information power
• B) connection power
• C) referent power
• D) legitimate power

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Definitions:

Discount Rate

The interest rate used to discount future cash flows of a financial instrument to present value.

Present Obligation

A duty or responsibility that is expected to be settled in the future, recognized as a liability.

Past Event

An event or transaction that has occurred prior to the balance sheet date, impacting the financial position or performance of an entity.