Legitimate powers are directly based on structural position, charisma, and interpersonal trust.
<h3>Definition of Power and Authority</h3>
While Power is the use of coercion or force to exercise right or control authority is the willingness of people to obey an individual.
In this context, legitimate power can be seen as an authority.
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Answer:
Agency by ratification
Explanation:
Agency by ratification is a situation where an agent or a company performs an act while claiming to be the agent of another person without his knowledge.
The principal later accepts and recognises the action as being on their behalf after the fact.
Normally the action by the agent would be invalid, but if it is recognised by the principal it is called agency by ratification and the action is now valid.
When an unauthorised action is taken on behalf of a principal he has the final decision on whether to adopt by signing, or not to adopt
Because marketing strategy helps you stay in sync with your customer base, develop the right products for them, and determine how you communicate information about those products.
It's miles, in brief, an action taken to deliver attention to a business's services; they may be physical items on the market or services provided. not unusual examples of advertising at work encompass television advertisements, billboards on the side of the road, and magazine advertisements.
The significance of marketing for your enterprise is that it makes the clients aware of your products or services, engages them, and helps them make the shopping choice. Moreover, an advertising plan, part of your marketing strategy helps in developing and keeping demand, relevance, popularity, opposition, etc.
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Understanding ethical dilemmas
You may be faced with an ethical dilemma when something at work goes against your personal ethics, morals and values. This could be something that one of your colleagues or managers is doing, or something that you are doing yourself.
Answer:
Retained earnings......................Dr $22,000
Dividend expense $22,000
Explanation:
There are two accounts, temporary and permanent accounts. Temporary accounts such as dividends and revenue need to be closed and charged against permanent accounts at the end of reporting period. This is done to estimate the total earnings of the firm during the period.
Dividends are charged to permanent account, retained earnings. Following is the closing entry:
Particulars Debit Credit
Retained earnings $22,000
Dividend expense $22,000
(Dividends expenses closed
by charging to retained earnings)