Having power and using power are two different things. For example, imagine a manager who has the power to reward or punish employees. When the manager makes a request, he or she will probably be obeyed even though the manager does not actually reward the employee. The fact that the manager has the ability to give rewards and punishments will be enough for employees to follow the request. Based on the above statement, discuss the sources of one's power over others. Support each answer with a suitable example. Power is the ability of one person to influence another into acting in accordance with his or her wishes. Different situation would require different power tactics by which individuals translate power bases into specific actions. Discuss the strategic ways to overcome this situation.

Question 18 Suppose the number of buyers in a market increases and a technological advancement occurs also. What would we expect to happen in the market? O a Equilibrium price would decrease, but the impact on equilibrium quantity would be ambiguous Ob. Equilibrium price would increase, but the impact on equilibrium quantity would be ambiguous. Oo Equilibrium quantity would decrease, but the impact on equilibrium price would be ambiguous O d. Equilibrium quantity would increase, but the impact on equilibrium price would be ambiguous

19. Question 19 options: According to ................ theory, by vertically integrating backward to gain control over the source of raw material, a firm can raise entry barriers and shut new competitors out of an industry.

Question 14 Public owners are expected to negotiate bid prices submitted by contractors in an attempt to maximize the value of construction services acquired. True O False

Which of the following is not true?   Question 6 options: 1) Climate involves statistics (e.g., long-term averages) but weather considers conditions at a particular time and place (e.g., one week of this summer).  2) The current weather at a location can be characterized by a single measurement, but climate requires many years of measurements (typically around 30) to characterize. 3) Both weather and climate can vary regionally (e.g., from one side of a mountain range to another). 4) Climate only refers to temperatures, but weather also includes other factors like wind, rain, and snow.