Which of the Following Statements About Power Is True

question 60

Multiple Choice

Which of the following statements about power is true?

• A) Most people are comfortable with the concept of having power over others.
• B) The concept of having power over others is offensive to everybody.
• C) To be a good manager, a person must have a high desire for power.
• D) Managers derive power from both organizational and individual sources.

---

Definitions:

Allowance Method

An accounting technique that estimates uncollectible accounts receivable to record bad debts expense, reflecting more accurate accounts.

Allowance for Doubtful Accounts

A contra-asset account that represents the estimated amount of accounts receivable which may not be collected.

Estimated Realizable Value

The anticipated amount of money that an asset is expected to bring upon sale or disposition, after accounting for costs of sale or disposal.

Accounts Receivable

Accounts receivable are amounts owed to a company by its customers for goods or services delivered on credit but not yet paid for.