The correct answer to the question is (B) referent power.
Referent power refers to <u>a type of power that a person attains through his or her interpersonal relationship skills</u>.
Though personalized power seems like an answer it is actually not, it is a type of motive that a person has for power. Legitimate, reward, and coercive all stem from external sources, and thus they do not fit the description in the question.
Answer:
TRUE
Explanation:
In the case of long term loans and financing, the age of the applicant is an analytical parameter that the lender takes into consideration. This is because these loans are long and an older person is more likely to die before the installment ends. It is therefore more difficult for an elderly person to finance a home than a 30-year-old, for example.
Answer: See explanation
Explanation:
Annuities are referred to as the loans that one would have to pay back over a period of time with a particular interest rate. It should be noted that annuities have consistent payments for the period that the loan will be paid back. An example of annuity is the car loan or the mortgage.
For a level principal loan, it should be noted that the principal payment will remain constant and won't change while there'll be a reduction in the interest rate over the period that the loan will be paid back. This means that there will be w reduction in the payments as the time progresses.
Answer:
Just-in-time
Explanation:
Just-in-time inventory system advocates minimal holding of raw materials in the stores. In this system, materials are ordered when they are required for production. The just-in-time (JIT) approach aligns customers requests with the production process.
JIT system is a cost-effective approach. It reduces wastage that results from holding huge volumes of inventory. The managers operating a JIT system must be able to forecast accurately to avoid stock outs. The order management systems should be fast and reliable for the JIT to be successful.
The Leontief paradox describes evidence contrary to the
predictions of the factor proportions theory. Factor proportions theory on the
other hand, states that a country will produce and export those goods that
require resources that is abundantly available within the country.
