Wanda, a team leader, is managing the critical role of selling company assets to raise cash and has, therefore, gained prominence. Which of the following is the explanation for the source of power Wanda is exercising?

A) Strategic contingency theory
B) Prestige power
C) Power stemming from being close to power
D) Power stemming from ownership

Strategic Contingency Theory

An explanation of sources of power suggesting that units best able to cope with the firm’s critical problems and uncertainties acquire relatively large amounts of power.

Selling Company Assets

The process of disposing of company-owned assets, either to generate cash in financial distress or to streamline operations.

Power

The ability to influence or outright control the behavior of people, environments, or situations.