The difference between authority and power is which of the following?
A) Authority is the right to make a particular decision and power is the actual influence the institution has over that action.
B) Authority is given and power is seized.
C) There is no difference; they are perfectly interchangeable.
D) Power describes the formal parameters of influence while authority describes the informal parameters of influence.
Correct Answer:
Verified
Q19: Political institutions include which of the following?
A)
Q20: Constitutions, charters, and bylaws all serve which
Q21: What are transaction costs?
A) fees associated with
Q22: The costless consumption by a large number
Q23: Which of the following best describes the
Q25: The free-rider problem is most often found
Q26: Why is the prisoner's dilemma a critical
Q27: A "prisoner's dilemma" arises when _.
A) a
Q28: Which of the following explains why institutions
Q29: All of the following scenarios illustrates institutional
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents