The Term _____ Refers to the Process of Identifying a Plan

question 19

Multiple Choice

The term _____ refers to the process of identifying a plan for the orderly replacement of key employees in an organization.

• A) outplacement
• B) succession planning
• C) job enrichment
• D) benchmarking

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Definitions:

Procurement

The process of obtaining goods, services, or works from an external source, often via a tendering or competitive bidding process.

Competitive Advantage

A condition or circumstance that puts a company in a favorable or superior business position compared to its competitors.

Organizational Success

The achievement of the set goals and objectives of an organization, often measured by financial performance, market share, and other key indicators.

Postmyocardial Depression

Emotional or psychological depression that can occur after experiencing a myocardial infarction (heart attack).