The power that the College Dean has been granted by the University over the faculty is referred to as ________ power
A) academic
B) positional
C) legitimate
D) referent
E) charismatic
C
Explanation: C) Legitimate power represents the formal authority to control and use organizational resources based on structural position in the organization. It includes members' acceptance of the authority of a position. A College Dean holds legitimate power.
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If Lawn & Order, Inc., had borrowed $20,000 by issuing an 8-month note at 6% on October 1, instead of a 4-month note at 6%, Interest Expense for the month ended October 31 would have been _______.
a. higher b. lower c. the same d. $0 because the interest will be paid later
A firm is evaluating the best means to have a positive impact on potential buyers; which one of the four P's is the firm addressing?
A) Product B) Price C) Place D) Promotion