Which of the Following Is a Common Mistake Made by Organizations

question 4

Multiple Choice

Which of the following is a common mistake made by organizations during succession planning?

• A) Including the boards of directors and HR in the process of CEO succession
• B) Focusing on other employees apart from the top management executives
• C) Allowing the CEO to direct the planning process
• D) Looking externally as well as internally for succession candidates

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Definitions:

Client-Visits

The activity of going to see clients in person for business purposes such as consultations, sales presentations, and relationship building.

Flexible Budget

A budget that adjusts or flexes with changes in volume or activity levels, allowing for a more accurate comparison of actual to budgeted expenses.

Tenant-Days

A measure used in property management to calculate the number of days a property is occupied by tenants over a certain period.

Administrative Expenses

Overheads and expenses associated with the general operation of a business.