The command line help powershell.exe /?
covers this:
-Command
Executes the specified commands (and any parameters) as though they were
typed at the Windows PowerShell command prompt, and then exits, unless
NoExit is specified. The value of Command can be "-", a string. or a
script block.
If the value of Command is "-", the command text is read from standard
input.
If the value of Command is a script block, the script block must be enclosed
in braces ({}). You can specify a script block only when running PowerShell.exe
It shows an example at the end:
EXAMPLES
PowerShell -PSConsoleFile SqlSnapIn.Psc1
PowerShell -version 1.0 -NoLogo -InputFormat text -OutputFormat XML
PowerShell -Command {Get-EventLog -LogName security}
PowerShell -Command "& {Get-EventLog -LogName security}"