Which of the following terms best describes a transfer between two or more parties or resources, or rights to control resources, which occurs outside the terms of a market context? Authority exchange Power exchange Knowledge exchange Formal exchanges Social exchange Solution Authority exchanges best describes the transfer of decision making regarding a resource within people or group of people of a company. it is the concerned authority related to utilisation and handling of a particular resource in an organisation. It is the rigth or authority of that group to manage the resource and utilise it for maximum benefit. .

1. Which of the following terms best describes a transfer between two or more parties or resources,
or rights to control resources, which occurs outside the terms of a market context?
Authority exchange
Power exchange
Knowledge exchange
Formal exchanges
Social exchange
A. Authority exchange
B. Power exchange
C. Knowledge exchange
D. Formal exchanges
E. Social exchange
Solution
Authority exchanges best describes the transfer of decision making regarding a resource within
people or group of people of a company.
it is the concerned authority related to utilisation and handling of a particular resource in an
organisation. It is the rigth or authority of that group to manage the resource and utilise it for
maximum benefit.