Which of the following best explains the concept of "referent power" in Equity Theory?
1
The authority that comes from an individual's role within an organization.
2
The comparison an employee makes between their own input-output ratio and that of a reference person.
3
The influence derived from an individual's expert knowledge or skills.
4
The power that results from an individual's ability to reward others.
5
The motivation that comes from an individual’s personal growth and self-fulfillment.