PR 605 Lecture 52: Power and Politics

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periwinklemammoth360

30 Dec 2020

School

Ball State University

Department

Public Relations

Course

PR 605

Professor

Ingrid Cummings

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Document Summary

In organizational behavior (ob), power is the capacity that x has to influence y"s behavior so y acts in the way that x wants them to act. This means that someone can have the power but choose not to use it. Simply put, it"s the capacity or potential to use power. The function of dependence is seen as the most important aspect to power. The greater dependence that y has on x, the more power x has in the relationship. Dependence is based on alternatives that are perceived by y and the importance that y puts on the alternatives controlled by x. Someone can only have power over you if they have or control something you want. Similarly, if you"re attending college and your parents are paying for it, your parents have power over you. Once you"re out of school and have a job with good outcome, your parents don"t have as much power on you anymore.

Related Questions

Have you ever walked into a Wal-Mart or other big box store and been greeted by an older person who probably should have retired a decade ago? We all have at some time or another, and most of us think that when we're that age, we want to be taking vacations and spoiling our grand kids, not handing people shopping carts! Heck, none of us really -want to have to work during retirement. It's okay if you choose to work during retirement so that you have a reason to get up in the morning, but it should be your choice to do so.

Want to get rich? Use the power of compound interest working in your favor. A little bit of money invested well over a long period of time can equate to a lot of money! It's really a simple concept, but so many people fail to make use of the amazing power of compound interest. You can be very wealthy at retirement if you just put a relatively small amount of money away for retirement in a solid investment for a long period of time.

If you're under the age of 30, you can retire with a million dollars by age 65 by putting away a lot less money than you think! You'll need to put it in a solid investment account maybe a 401K- You just have to do the research and find a account at your work.. If you're really young, say age 20, you would only need to deposit very little into a good 401k to be a millionaire upon retirement.

You'll have to go find a savings calculator to figure out how much a month you need to put away to be a millionaire at retirement, but chances are it's a lot less money than you might think. Go to ANY OTHER FINANCIAL CALCULATOR. Please note two important things! 1) You must start as young as possible and 2) the return on your investment (percentage gain each year) makes an incredible difference in how you do. Someone who just puts money in CD's may average a 2% return and it would take much more money. If you get a professional broker or educate yourself, you should be able to get the traditional 7-8% return on your investments that someone using professional can usually get . This is why I always tell people to get the best advice they can through a professional broker as young as they can!

Your discussion is to tell me how much you should start investing now each month to have a cool million by retirement.

Make use of the power of compound interest in your financial life rather than letting the bank use compound interest against you through credit cards, mortgages and automobile loans. Compound interest is an amazing tool if you put away a percentage of your income away for retirement. When retirement occurs, you could do just about anything that you ever wanted--- just let it work for you and not somebody else.

rosejackal317

The following memo contains 35 intentional errors in sentence structure, grammar, spelling, and proofreading. Delete these instructions when you print.

Rawlinson Enterprises

Interoffice Memo

DATE: June 5, 201x

TO: Larry LaGrange, Vice President, Operations

FROM: Elyse Ellerman, Manager, Accounting

SUBJECT: INSTALLATION OF UNDERCARPET WIRING

Proposal

Because the Accounting Department need a flexible economical wiring system that can accommodate our ever changing electrical needs. Thatâs why I propose that we install a flat undercarpet wiring system.

Present System

At this time the Accounting Department has an out of date system of floor wiring and power poles that limit us to surface wiring. This network of surface wiring appear to be totally overwhelmed by the demands we are now placing on them. The operation of 27 pieces of equipment in addition to 34 telephone lines require extensive electrical circuits and cabling. Moreover, our overhead lighting, which consist of fluorescent fixtures in an suspended egg-crate structure, contains excessive wiring above the ceiling. Technicians whom have came to our office have said that its the worse system they have ever saw.

Advantages of Proposed System

Cabling for telephone, power, and data are now available in a flat form only .043 inches thick. This flat flexible cable can be install underneath existing carpeting. Thus preventing costly and disruptive renovation. Undercarpet wiring would mean less office power poles. Moreover, flat cables can be moved easy, giving we accountants greater flexibility when we need to add equipment. Having a undercarpet wiring system all ready installed in the Accounting Department would also enable the company to evaluate the systems effectiveness before considering it for other departments. It also comes with a ten year warranty.

Cost and Savings

Suppliers and consultants estimates that an undercarpet wiring system for the Accounting department would cost about $50,000. If we was to use conventional methods to install round wiring, we would have to renovate our entire department, costing over $200,000. Equally important, however, is the savings in terms of productivity and employee satisfaction. Which would decline if renovation was required.

Please let me know by June 10 whether you want me to proceed with this project.

1) When a utility charges homeowners less on a per-unit basis than corporate users it is practicing:

a) first-degree price discrimination

b) second-degree price discrimination

c) third-degree price discrimination

d) markup pricing

e) tying

2) when an electrical utility charges higher prices during the day than at night it is practicing:

a) peak-load pricing

b) first-degree price discrimination

c) second-degree price discrimination

d) third-degree price discrimination

e) fourth-degree price discrimination

3) Gliberace's Fashion Accessories of Las Vegas produces gemstone-encrusted formal wear for sale in Los Angeles and San Francisco subject to total cost TC = 100 + 5(Q_LA + Q_SF). Demand for Gliberace's stones in the two cities is given by Q_LA = 70 - 2P_LA and Q_SF = 55 - P_SF. If Gliberace price discriminates between the two cities, how many stones will it sell in L?

a) 30

b) 36

c) 38

d) 43

e) 48

4) Game theory is useful for understanding oligopoly behavior because:

a) there are so many firms in an oligopoly that all are price takers

b) firms must differentiate their products if they are to remain in business

c) firms recognize that because there are only a few firms mutual interdependence is important

d) without it firms would not be able to maintain cartel agreements

e) it allows firms to develop greater monopoly power

5) A feasible strategy set is:

a) all actions with a nonzero probability of occurring

b) only actions that have a 50 percent or greater probability of occurring

c) actions that result in positive profits for the firm

d) actions hat a decision-maker is willing to take

e) the outcome that the decision-maker chooses

6) In a two-player game in which each player has four options how many outcomes can there be:

a) 1

b) 4

c) 8

d) 16

e) 64

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PR 605 Lecture 52: Power and Politics

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