Some people are considered to be "born leaders." What type of group power do these people tend to have? Give an example of a famous person who is not a leader, but who has this type of power

What will be an ideal response?

Answer: Sample response: The people who are called "born leaders" have referent power, which comes from the admiration of others. "Born leader" types have charisma, integrity, determination, and similar qualities that would instill trust in people whom they were leading. A good example of this would be the actor Matt Damon. Even though he is not in a leadership position, Matt is bright, articulate, charming and has strong beliefs about creating better lives for people in need. Based on these qualities, I would certainly assign Matt Damon referent power if we were working in a group.

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The primary reason for international trade is a lack of natural resources in the developed nations.

a. true b. false

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Peabody Books Inc wishes to borrow $182,000 today for the purchase of publishing materials. They have an agreement with their commercial banker that they can borrow money at an annual rate of 4.75%

How much will the firm owe if they repay the loan in exactly one year? A) $8,645 B) $173,747.02 C) $182,000 D) $190,645

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